FLOKI is showing a strong bullish reversal pattern as it reclaims the critical trading zone.
Key Technical Signals:
Clean breakout from descending wedge formation
RSI showing bullish divergence and momentum shift
Price reclaiming major support zone as new resistance turns support
Volume supporting the upward move
Entry Strategy:
Retest of the trading range low around 0.000012
Risk Factors:
Bitcoin's overall market direction could impact this altcoin move. A failure to hold above the green support zone would invalidate the bullish thesis.
Key Technical Signals:
Clean breakout from descending wedge formation
RSI showing bullish divergence and momentum shift
Price reclaiming major support zone as new resistance turns support
Volume supporting the upward move
Entry Strategy:
Retest of the trading range low around 0.000012
Risk Factors:
Bitcoin's overall market direction could impact this altcoin move. A failure to hold above the green support zone would invalidate the bullish thesis.
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Find top crypto tokens with sector indices, AI-powered sentiment analysis & news summaries.
tokenradar.ai/tv
tokenradar.ai/tv
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.