FLOKI → A short term analysis
Updated
hello guys.
The chart shows a head and shoulders pattern, which is a reversal indicator.
The price formed a left shoulder, head, and right shoulder pattern, signaling a potential bullish move.
Price has broken out of the yellow support zone (neckline of the pattern), confirming the reversal.
Immediate target is around 0.00014400 USDT (blue zone).
Extended target is around 0.00016600 USDT.
The bullish structure suggests an upward movement is expected after the breakout.
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The chart shows a head and shoulders pattern, which is a reversal indicator.
The price formed a left shoulder, head, and right shoulder pattern, signaling a potential bullish move.
Price has broken out of the yellow support zone (neckline of the pattern), confirming the reversal.
Immediate target is around 0.00014400 USDT (blue zone).
Extended target is around 0.00016600 USDT.
The bullish structure suggests an upward movement is expected after the breakout.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Note
floki reacted to the yellow area so sufficiently, it is toward the target
Trade closed: target reached
the first target area touched:
#floki #flokiusdt
Trade closed: target reached
the next target touched:
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bit.ly/HYCM-M
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bit.ly/LbankMelika
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My telegram channel:
t.me/melikatrader94
bit.ly/HYCM-M
__________
👉my recommended exchange:
bit.ly/LbankMelika
__________
My telegram channel:
t.me/melikatrader94
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