Currency $FLOKI
We are currently witnessing a close of the four-hour candle above the 0.61 Fibonacci level, supported by noticeable buying pressure exceeding the 50 level on the Relative Strength Index (RSI). This data indicates the presence of momentum and buying strength on the horizon.
Additionally, a "shooting star" candle (or what is known as a Pin Bar) appears on the chart, which may indicate a potential concentration of whales and their readiness to target higher price levels.
However, it should be emphasized that these signals alone may not be sufficient to push the price towards the specified target at the level of 0.00016. We need further confirmation of sustained buying pressure and increased trading volume to support this bullish scenario.
Awaiting momentum confirmation: We will closely monitor the upcoming candles and trading volume to confirm the continuation of buying strength and the possibility of reaching the desired target.
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