FLOKI: Will growth continue or will prices be dumped?

FLOKIUSDT 30

FLOKI/TETHERUS Binance

Well, this meme coin grew well when it was first created and surprised everyone, and now that some time has passed since its creation, it has been listed on an exchange and we are going to examine together what effect it has on its price.

Well, when this meme coin was first created, it grew well and has given good profits to its holders so far. Now that it is listed on an exchange and more transactions are taking place, it will definitely be impressive, but the chart always has the final say.

So what does the chart tell us?

In the 30-minute time frame, which is considered a short-term time frame, we had a decline due to the decline in the entire market, and the price was supported in the specified support area, but not definitive support.

Several channels have been drawn so that in the event of a break from above or below, we can understand whether the power is in the hands of buyers or sellers. Now, if the buyers show their strength, which they did to some extent (a trendline break and a strong pullback), we can buy in the specified areas with risk and capital management and move with it to the upcoming goals.

If buyers cannot dominate the price and sellers dominate more, we should wait for lower support areas.

$FLOKI DYOR