$1000FLOKI Current price buy long, stop loss at 0.0935, take profit at 0.12, risk-reward ratio 6
Reason for going long: The beginner has marked 0.094 as a critical strong support in the chart, and the price has previously tested the bottom and rebounded multiple times near 0.09465.
The current price of 0.09698 is just retracing to the support zone, indicating a strong possibility of buying interest.
High effectiveness of support, providing low-risk gambling space.
Excellent risk-reward ratio.
Stop loss set at 0.09302, with a risk of about 4.09%.
Take profit target at 0.12075, potential profit of about 24.50%.
Risk-reward ratio exceeding 1:6 makes it a very ideal trade.
Combined with candlestick pattern characteristics:
The candlestick is near the lower Bollinger Band, showing signs of 'oversold'.
The recent downward momentum has weakened, and the lower shadow is gradually getting longer, indicating enhanced buying interest below.
The probability of forming a 'double bottom' or 'second bottom test' is relatively high.
Indicator coordination (MACD):
The lower MACD red bars are shortening, and green bars may gradually appear, suggesting weakening bearish momentum.
DIF and DEA lines are converging, likely to form a golden cross signal.
Clear trading logic:
Position lightly near strong support → Once support holds, go long.
Stop loss is clear (0.09302), to avoid deep entrapment.
Following the trend, one can look at the previous high resistance level of 0.12075, with a clear target.
Currently, FLOKI has very strong support near 0.094, combined with an excellent risk-reward ratio, along with weakening MACD momentum and support from the lower Bollinger Band, creating a low-risk, high-potential profit opportunity for going long.
Therefore, we can consider going long 1000 FLOKI near 0.097, with stop loss at 0.093 and take profit at 0.1207.
Currently, FLOKI has very strong support near 0.094, combined with an excellent risk-reward ratio (above 1:6), along with weakening MACD momentum and support from the lower Bollinger Band, creating a low-risk, high-potential profit opportunity for going long.
Thus, one might consider going long 1000 FLOKI near 0.097, with stop loss at 0.093 and take profit at 0.1207. Currently, FLOKI has very strong support near 0.094, combined with an excellent risk-reward ratio (above 1:6), along with weakening MACD momentum and support from the lower Bollinger Band, creating a low-risk, high-potential profit opportunity for going long.
Thus, one might consider going long 1000 FLOKI near 0.097, with stop loss at 0.093 and take profit at 0.1207.
