$FLOKI Trading strategy on the 1-hour timeframe based on current technical indicators and price action:
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1. FLOKI / USDT Market Overview:
• Current Market Price: $0.00006801
• Trend: Bearish to neutral — price is under EMA21 and EMA50
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2. FLOKI / USDT Technical analysts:
• Supports:
– $0.00006649 (EMA50 support)
– $0.00006605 (EMA200 base support)
• Resistances:
– $0.00006861 (EMA21 resistance)
– $0.00007043 (recent swing high)
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3. $FLOKI / USDT Spot Trading Setup:
• Buy Zone: $0.00006600 – $0.00006700 (near EMA50/EMA200 confluence)
• TP1: $0.00006861 (EMA21 test)
• TP2: $0.00007043 (previous resistance)
• TP3: $0.00007313 (recent peak)
• SL: Below $0.00006600 (loss of support structure)
————FLOKI / USDT SPOT Trading Best Course of Action:
Wait – Indicators show weak momentum, MACD is red, and Stoch RSI is still in oversold territory. Entry may be better after confirmation.
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4. $FLOKI / USDT Futures Trading Setup:
• Long Setup:
– Entry: $0.00006600 – $0.00006700
– TP1: $0.00006861
– TP2: $0.00007043
– TP3: $0.00007313
– SL: Below $0.00006600
• Short Setup:
– Entry: $0.00006850 – $0.00007000
– TP1: $0.00006700
– TP2: $0.00006605
– TP3: $0.00006373
– SL: Above $0.00007050
————FLOKI / USDT FUTURE Trading Best Course of Action:
Short – Trend is weakening, EMA21 acting as resistance, and bearish momentum persists.
[Note: “This post does not constitute financial advice. Please evaluate all risks and make investment decisions based on your own informed judgment.”]