🏃♂️Floki Inu(FLOKI) is moving near 🟡Potential Reversal Zone(PRZ)($0.00035-$0.00030)🟡and All-Time High(ATH).
🌊According to the theory of Elliott waves, it seems that Floki Inu(FLOKI) has completed the main wave 3, and we should wait for corrective waves.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
⚖️Floki Inu(FLOKI) seems to be completing similar moves, so moves 1 and 3 are almost identical in terms of percentage increase, and we can expect moves 2 and 4 to be almost similar in terms of percentage increase.👇
🔔 Based on the description above, I expect Floki Inu(FLOKI) to drop at least ➖30%.
❗️⚠️Note⚠️❗️: Analysis will change if Floki Inu(FLOKI) can break 🟡Potential Reversal Zone(PRZ)($0.00035-$0.00030)🟡.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Floki Inu Analyze ( FLOKIUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
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Note
Update:
The analysis is still valid, but if FLOKI can break the 🟡Potential Reversal Zone(PRZ)($0.00035-$0.00030)🟡, it will be invalid, so you can set Stop Loss(SL )above this zone.
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