$FLOKI – TOPPING OUT? BEARISH REVERSAL SIGNAL EMERGING
WEAK CLOSURE AFTER SPIKE. SELL PRESSURE BUILDING NEAR 0.00011300.
$FLOKI surged rapidly to 0.00011300 but faced immediate rejection, forming two consecutive red candles with long upper wicks — a classic sign of buyer exhaustion. The recent volume spike shows aggressive buying, but the lack of follow-through and abrupt drop suggests the rally may have been overextended. Price now hovers at 0.00011105 with weakening momentum.
SHORT Setup
Entry: 0.00011100 – 0.00011150
Stop Loss: 0.00011360
Target 1: 0.00010860
Target 2: 0.00010550
Failure to reclaim 0.00011200 could trigger deeper retracement. Watch for increased red volume to confirm breakdown.
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