- FLOKI has reclaimed the key horizontal support, forming a possible higher low.
- Currently watching the green box/range low for signs of accumulation (sideways price action) and support confirmation.
- If FLOKI establishes a range or shows strength at this zone, look for a long entry with stop below the range.
- Upside target is the range high and previous major resistance, offering a potential ~180% move.
- Invalidation: clear breakdown and close below the green zone signals failed setup.
FLOKI is showing classic bottoming structure: reclaim of support and formation of a higher low after a prolonged downtrend. Range lows historically have provided major entries for explosive moves. If the green box zone acts as accumulation and price holds, it could set the stage for a rally back to the top of the range as seen before. This setup is favored in meme/altcoin cycles, especially when market sentiment improves. Risk is defined, reward is high.
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.