The price of FLOKI has dropped back to an important level where it used to face resistance before going up. Now, this same level is acting as support, which could lead to a bounce.
We also see a bullish divergence on the RSI, It often signals that selling is slowing down and a reversal might be coming.
If the price holds above this support zone, we might see a bounce toward the $0.09 to $0.11 area.
If the price breaks below the support, the idea may not work, so it’s important to manage risk.
We also see a bullish divergence on the RSI, It often signals that selling is slowing down and a reversal might be coming.
If the price holds above this support zone, we might see a bounce toward the $0.09 to $0.11 area.
If the price breaks below the support, the idea may not work, so it’s important to manage risk.
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
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.