$FLOKI /USDT Breakdown Incoming – Watch This Rising Wedge Collapse
$FLOKI just tapped the top resistance of a rising wedge — a structure that historically ends in breakdowns. Sharp rejection wicks and overextension indicate that the bulls are losing momentum.
SHORT Setup:
• Entry: 0.00008449
• TP1: 0.00008000
• TP2: 0.00007500
• TP3: 0.00007000
• SL: 0.00008950
Market Insight:
The rising wedge pattern combined with rejection at upper resistance signals a potential bearish reversal. If price breaks below the wedge support, expect strong selling pressure and a slide toward lower support zones.