$FLOKI Breakout Watch: Volume Exploding, Bulls Active
$FLOKI is experiencing a sharp breakout with exploding volume, indicating strong bullish momentum. The current price is $0.00007341, with a 12.93% increase.
*Technical Breakdown:*
- *1H Chart:* $FLOKI broke out from the $0.000066 zone, with clean higher highs and strong volume. The RSI is at 65.43, still in the bullish control zone.
- *4H Chart:* $FLOKI broke above EMA20 and tested EMA50, currently consolidating just under resistance. The RSI is at 61.07, sustainable for more upside.
*Trade Plan:*
- *Entry Zone:* $0.00007100 – $0.00007300 (buy on dip/consolidation)
- *Target 1:* $0.00007580 (recent high breakout)
- *Target 2:* $0.00007900 (next resistance zone)
- *Stop Loss:* $0.00006900 (below 20 EMA on 4H)
*Why Still Bullish?*
- *Volume Spike:* Confirms crowd interest and strong buying pressure.
- *Bullish Engulfing Structure:* In the 4H chart, with MACD flip, indicating potential for further upside.
The outlook remains bullish, with potential for $FLOKI to retest the $0.000078–0.000080 level with strength.