Floki/usdt

Price and Market Overview

Current Price: 0.000008457 USDT (Binance, up 13.78% in the last 24 hours).

24-Hour High/Low: High at 0.000008979, Low at 0.000007426.

Trading Volume: 685.43B FLOKI (57.16M USDT), indicating strong market activity.

Market Context: FLOKI has shown bullish momentum recently, with X posts noting a breakout from a descending broadening wedge and a falling wedge pattern, suggesting potential for further upside. However, some sources indicate a bearish outlook if key support levels are lost.

Trading Strategy

Bullish Scenario:

Entry: Consider buying on a retest of 0.000007787–0.000008159 with bullish candlestick confirmation (e.g., hammer or engulfing) and volume spike.

Targets:

Short-term: 0.000009000 (resistance).

Mid-term: 0.000017419 (Fibonacci target).

Long-term: 0.000037126, 0.000116900, or higher per X forecasts.

Stop-Loss: Below 0.000006771 to protect against invalidation of the bullish setup.

Bearish Scenario:

Entry: Consider shorting if the price breaks below 0.000008315 (MA(99)) with strong volume, targeting 0.000006771 or 0.0000045.

Stop-Loss: Above 0.000008677 to limit risk.

Risk Management: Use a 1-2% risk per trade, given FLOKI’s high volatility. Combine technical signals with market news for confirmation.

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