#FLOKI is showing a clear bullish structure on the 4-hour timeframe, aligning with its upward momentum on the daily and monthly charts. The price has formed a series of higher lows (HL) and higher highs (HH), indicating strength in the current trend.
📈 Breakout Zone: The pair has successfully broken above the key resistance zone around 0.00008300, confirming bullish continuation. This breakout opens the path for further upside potential.
✅ Trade Plan:
Entry: A buy position above 0.00008300
Stop Loss (SL): 0.00007190 (below the recent HL support zone)
Take Profit (TP):
TP1: 0.00009236
TP2: 0.00009880
📊 Momentum Indicators:
The RSI is currently near the overbought territory (69.18) but remains supportive of bullish price action as there is no immediate divergence forming post-breakout. Previous bearish divergence played out during consolidation but has since been invalidated.
⚡ Bias: Bullish
A strong breakout and retest of the previous resistance-turned-support would further strengthen the upside thesis. Caution is advised near the TP1 zone as partial profit-taking may occur.
📈 Breakout Zone: The pair has successfully broken above the key resistance zone around 0.00008300, confirming bullish continuation. This breakout opens the path for further upside potential.
✅ Trade Plan:
Entry: A buy position above 0.00008300
Stop Loss (SL): 0.00007190 (below the recent HL support zone)
Take Profit (TP):
TP1: 0.00009236
TP2: 0.00009880
📊 Momentum Indicators:
The RSI is currently near the overbought territory (69.18) but remains supportive of bullish price action as there is no immediate divergence forming post-breakout. Previous bearish divergence played out during consolidation but has since been invalidated.
⚡ Bias: Bullish
A strong breakout and retest of the previous resistance-turned-support would further strengthen the upside thesis. Caution is advised near the TP1 zone as partial profit-taking may occur.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.