FLOKI has broken out from a bullish market structure but is now pulling back after rejecting off the channel high resistance. Price action is approaching key daily support, with significant liquidity sitting just below.
Key Technical Confluence Zone:
- 0.618 Fibonacci Retracement
- Internal Weekly Support/Resistance
- Upsloping Channel Support
- VWAP Support
This zone offers a high-probability long setup if a retest confirms buyer strength. The current price action resembles a bullish correction after expansion, setting the stage for continuation higher—if support holds.
Traders should watch for a reaction at the lower support to signal potential re-entry opportunities for the next leg up.
Key Technical Confluence Zone:
- 0.618 Fibonacci Retracement
- Internal Weekly Support/Resistance
- Upsloping Channel Support
- VWAP Support
This zone offers a high-probability long setup if a retest confirms buyer strength. The current price action resembles a bullish correction after expansion, setting the stage for continuation higher—if support holds.
Traders should watch for a reaction at the lower support to signal potential re-entry opportunities for the next leg up.
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Disclaimer
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.