🔍 Key Technical Overview:
FLOKI has recently broken above a long-term descending trendline, signaling a potential major reversal.
The price is forming a rounded bottom pattern, indicating accumulation and a potential bullish breakout.
📈 Bullish Price Targets:
First Target: 0.00017419 USDT
↳ Based on prior structure and Fibonacci 1.0 projection.
Second Target: 0.00026197 USDT
↳ Full measured move from the rounded bottom breakout and historical resistance zone.
🧠 Technical Notes:
Fibonacci Retracement Levels show the current price hovering near the 0.382–0.5 zone, which often precedes a strong breakout.
Bullish projections (gray candles) highlight a parabolic move possibility.
✅ Strategic Outlook:
Buy Zone: Above 0.00009000 (confirmed breakout with volume)
Take Profits:
TP1: 0.000174
TP2: 0.000262
Stop Loss: Below 0.000065 (to protect against false breakout)
📌 Summary:
FLOKI is showing strong bullish momentum with a clear breakout from a long-term downtrend. A continuation toward 0.00017 and potentially 0.00026 is likely if momentum persists.
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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.