The coin has been in an downtrend for a long time. But interesting preconditions are forming on H4. Floki lives separately from the market, consolidates above SMA 200 & 50 and continues to test 16.00 for a breakout. Bears are still trying to hold this zone, but their strength is running out. Volumes are rising as is the potential for a pre-breakout consolidation.
Resistance levels: 16.00, 21.00
Support levels: SMA, 14.056
Technically, the emphasis is on a resistance breakout. Consolidation may last for some more time. The structure will be broken if the price breaks the support at 14.056, but until that happens I am waiting for the realization and growth to 21.00
Rate, share your opinion and questions, let's discuss what's going on with ★FLOKIUSDT ;)
Regards R. Linda!
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🌹TRADING is a CASINO💔!?
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