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FLOKIUSDT trade ideas

Going Long Or Being Cautious?Once again, the 0.00011 level turned out to be strong support. FLOKI created a lovely U-shaped pattern that touched the level and bounced immediately. Therefore, the stage is set to climb back to the next resistance of 0.000135 — at least from a chart perspective. That move would result in more than 15% gains. Technical indicators second this move, too: - MACD on the daily chart just turned bullish - RSI is in the lower neutral zone - ADX is showing some admirable strength (>30) But wait! Here are three aspects you should consider before jumping into a trade: 1️⃣ Volume A tiny summer weekend volume drives the current reversal. The Monday opening bell can easily and quickly force another U-turn - this time to the downside. 2️⃣ Downtrend Technically, FLOKI is still in a downtrend. A break of 0.000135 would send a much more robust and precise signal for going long than the current reversal. 3️⃣ Bitcoin And here's the most significant burden: Bitcoin is still in its "indecisive mode." Subsequently, this adds a substantial additional risk to a current trade setup. ❇️ Here's a better strategy - First, don't enter the trade right now. The risk is too high. - Wait for FLOKI to pump above the 0.000135 level. - Most likely, this will only happen if Bitcoin enters an uptrend. - Trade the area between 0.000135 and 0.0002
by ben_walther
Why Trading FLOKI Doesn't Make Sense (Right Now)Similar to many other coins, Floki had been hit hard by the latest sell-off, recovered nicely, but lost steam in the end. As a result, Floki found itself in an indecisive position. Accordingly, opening a trade position is way too risky at this time. Let me explain: 1️⃣ Bearish Trend: Floki trades below the EMA200, 100, and 25 — in other words, Floki trades in a considerable downtrend. Since the trend is your friend, a long position doesn't make sense. 2️⃣ PSAR Turned Bearish: On top of that, the PSAR turned bearish again just a couple of hours ago, indicating more downturn pressure. Once again, a long position does not make sense in this case. ➡️ On the other side, Floki trades very close to a crucial support line at 0.00011. If the market doesn't go crazy, we can expect this level to hold. However, this also means that shorting doesn't make sense at this level. Ergo: There is no clear indication for a long and no clear setup for a short. We keep watching and monitoring but do not touch the trade button.
by ben_walther
FLOKI — Still In The Waiting ZoneFloki's attempts to reconquer the previous support level at 0.000135 haven't been unsuccessful. When looking at lower timeframes, such as the 4H chart, Floki ranges sideways in a consolidation mode. However, as discussed in previous posts, reclaiming the 0.000135 level, followed by confirmation on a higher timeframe, such as the daily chart, is crucial before entering a long trade. Once this happens and the market keeps its bullish momentum, there's a good chance the Floki can pump to 0.0002 quickly, resulting in 40% gains. However, it might be wise to partially take profits at 0.000165 and move the stop loss accordingly. The initial stop loss can be placed tightly below the entry of 0.000135. I will definitely keep watching the chart and put together an update in case our entry level has been reached.
Long
by ben_walther
$FLOKI buy zone to refill your bag.SEED_DONKEYDAN_MARKET_CAP:FLOKI , like other altcoins, is suffering from the recent CRYPTOCAP:BTC pullback. However, the downtrend does not last forever, and we are close to the bottom. SEED_DONKEYDAN_MARKET_CAP:FLOKI has failed three times to break the resistance around 0.00015. The best entry point is around 0.00013, which guarantees a trade with a +10% gain without leverage on the next pump. It might be a scalp trade since these meme coins are very volatile. Do not hold them too long, or you might lose your gains in a pullback. Unless you are a long-term holder, buy in my green box, sell at the next top, and repeat. Overall, in the long term, I believe that SEED_DONKEYDAN_MARKET_CAP:FLOKI is one of the best and most solid meme projects out there. However, as with all meme coins, it is a bit useless and might disappear in the years to come when people get tired of memes. Always do your own research (DYOR). This is my own analysis, and I'm just sharing what I see in the charts.
Long
by CryptoNikkoid
5
Flokicoin (FLOKI): Possible Touch of Support!We are back with Floki Coin, where we see a good possibility for price to move towards the support zone (after seeing a nice breakdown from 200EMA). But one thing we need to keep in mind is that a possible fakeout can form here (as last time we broke 200EMA, we had a fakeout). So with that being said, we are looking for touch here and if we manage to break the support zone, then good downward movement might occur! Swallow Team
Short
by SwallowAcademy
3
FLOKI — More Downside Potential Or Holding Strong?Floki has been performing relatively well during the latest sell-off. While flashing a couple of bearish signs (bearish Tenkan / Kijun cross, break of the upper cloud support), the token fought hard to hold support at 0.000175—so far, successful. This level has already served as support a couple of times (for example, just last week). Moreover, it also represents the bottom of the Ichimoku cloud—usually a solid support, too. Therefore, there's still a chance Floki will hold this line if the market doesn't dip further. However, in an ongoing weak market, Floki is likely to go lower. The next logical support level sits slightly above 0.00016—although it is a weak one. Ultimately, the level at 0.000135 should definitely hold. Important: This is an analysis and prediction for short-term price movements. It does not change Floki's overall bullish outlook!
Short
by ben_walther
1
$FLOKI recovery trading planSEED_DONKEYDAN_MARKET_CAP:FLOKI , like all altcoins, was hammered when CRYPTOCAP:BTC had its -20% correction. But now it shows all the signs of recovering. - The CRYPTOCAP:BTC correction seems to be over. - SEED_DONKEYDAN_MARKET_CAP:FLOKI has just launched a trading bot that is burning tokens every day. - SEED_DONKEYDAN_MARKET_CAP:FLOKI is on BNB and ETH chains, and will benefit from the ETH ETF cash inflow. - The SEED_DONKEYDAN_MARKET_CAP:FLOKI team is the same as the $TOKEN (Tokenfi) project and Valhalla metaverse, so it is not just a meme coin that can rug you, It also has a stacking system that is working. - SEED_DONKEYDAN_MARKET_CAP:FLOKI is listed on all major exchanges (except Coinbase). - SEED_DONKEYDAN_MARKET_CAP:FLOKI has all its tokens unlocked and has deflationary tokenomics. Already, 40% of the supply has been burned, locked in a public address. - SEED_DONKEYDAN_MARKET_CAP:FLOKI has an active community of holders. Check Telegram; it is not fake. **Conclusion:** This project is safe, has an ecosystem, a true community, has existed for three years, and will perform very well this bull run. The risk/reward is high, considering that it is a meme coin that can do 50% in a month, but it also has a solid team with a proven track record to support the project. **What is the situation?** After a massive pump, SEED_DONKEYDAN_MARKET_CAP:FLOKI was destroyed by the CRYPTOCAP:BTC correction and is now recovering. - The MACD is soon having a signal cross on the 1D timeframe, indicating a long bullish phase is coming. - The RSI is in oversold territory, indicating that investors are likely to buy more. - TOTAL2 is in the same situation, indicating a bounce for altcoins. - SEED_DONKEYDAN_MARKET_CAP:FLOKI is in a raising trend, the long term is bullish, it is one of the rare coins safe to hold until the end of this bull run. ** Compare with others ** - $SHIBA: Already overvalued. Its capacity to rise is limited, and given the competition, it is even possible that it will lose market share to others and drop. - CRYPTOCAP:DOGE : It has the support of Elon Musk, but like XRP and MATIC, it is a heavy truck that doesn't move much except for rare pumps. Not really a meme. - SEED_DONKEYDAN_MARKET_CAP:BONK : This coin suffers from a lot of competition. Being on the CRYPTOCAP:SOL chain only is hard because of the heavy competition. It is on all exchanges, so it is still strong, but what about its future? It is a new coin, and most memes are launched on $SOL. Their stacking does not show any APR%? Red flag for me. Community is fake, check TG, only bots there. - CRYPTOCAP:WIF : Manipulated coin. Check the website and the tokenomics; it will die before the end of this cycle if nothing changes. - CRYPTOCAP:PEPE : Copyright infringement. Overvalued and at risk of disappearing if the author sends a DMCA notice to exchanges. I do not gamble my money with this coin. - $BRETT: Supported by a lot of influencers at the moment. Attempting to be a legal CRYPTOCAP:PEPE by changing the color. Copyright is still infringed. Also, it is on Base. Will not last if Base doesn't last. Risky. --------------------------------------- If nothing major happens to CRYPTOCAP:BTC (such as a huge dump resulting in a flash drop to 50k), we are set for a massive leg up. TPs are the Fibonacci levels, you can read them on the chart. DYOR. Nothing is certain with crypto, so be careful when investing.
Long
by CryptoNikkoid
5
FLOKI — 4 Reasons To Remain Bullish (And Why I Stick To An 80% PAs with many other tokens, FLOKI experienced a considerable downtrend and lost and retraced ~60% in June. As always, during such periods, you can hear voices announcing that the coin is going to 0 and that the hype is over. Although meme coins are probably one of the toughest assets to forecast, I am convinced that FLOKI's next months are bright. Here are four reasons why I think FLOKI will pump massively and reach the level of 0.00034 during the next months. 1️⃣ FLOKI clearly found its bottom at the level of 0.00013, tested it several times, and finally bounced nicely with fresh upward momentum. 2️⃣ Subsequently, FLOKI crossed the EMA200 line and successfully retested it immediately afterward. The EMA200 is one of the most important indicators of a bullish trend. 3️⃣ Just recently, FLOKI also crossed the major resistance area at 0.00019 and is currently retesting it. Based on the current market sentiment, I expect a successful retest, further strengthening FLOKI's upside potential. 4️⃣ Today, FLOKI flashed a bullish EMA crossover signal. The signal indicates that a shorter-term moving average has crossed a longer-term moving average to the upside. Usually, this indicates the beginning of a stronger trend — in our case a bullish one. This signal has historically led to a price increase of >10% for FLOKI. What's Next 👇 Given the continuation of the bullish market, Bitcoin's strength, and the successful launch of the ETH ETF, I expect FLOKI to deliver a strong performance. When looking at the long-term trendline, the logical next target sits at 0.00034, resulting in an 80% potential (based on the current price). However, as always, it's worth mentioning that I don't expect FLOKI to reach this level overnight! BINANCE:FLOKIUSDT
Long
by ben_walther
FLOKI Approaching Crucial ResistanceAs discussed yesterday, I am closely watching the 0.00019 level. This has been a significant resistance and support during the last months. Moreover, it was the level FLOKI was rejected after its latest run. Currently, FLOKI is approaching this level, and I expect a successful break. As shown in my initial post, a break above this area could fuel the bullish momentum and catapult FLOKI to a new height at the level of 0.00035. However, it is worth mentioning that this doesn't happen overnight!
Long
by ben_walther
3
FLOKI On Track For An 80% MoveFLOKI has dipped ~16% since it got rejected at the 0.000195 resistance two days ago. However, so far, we are perfectly on track for another 80% upside move. Here's why 👇 Background 🧵 A few days ago, I posted the chart below and discussed a possible and likely scenario. I explained that after it double bottoms, FLOKI should rebound and attack the first resistance at 0.000195. I also mentioned that this is a good level for a first-take profit target. I brought the level at 0.00035 to the table on a larger scale. Once FLOKI smashes the current resistance, I consider the 0.00035 level the next crucial level—reflecting a potential of 80%. Step 1 Accomplished ✅ As predicted, FLOKI bounced and tested the 0.000195 level even faster than expected. As mentioned, the token was rejected on the first attempt, which is not uncommon. So far, it has found support at the EMA200 line, which should serve as a base for another attack on the resistance. How To Play Step 2 🚀 The trade setup is straightforward: Wait for FLOKI to pump above the 0.000195 level. Additionally, we want to confirm the broken resistance on the daily timeframe. Preferably, we wait for a bullish trade signal to strengthen the outbreak further. Once these prerequisites are fulfilled, we can (almost) safely enter the trade and right the wave to the next resistance. However, since 80% is a long road, adding profit targets on the way up is wise.
Long
by ben_walther
FLOKI TALLIES WIH PEPE - SAME BLUEPRINT The striking correlation between $flokisusdt and BINANCE:PEPEUSDT will make you think they're being developed by the same developer, it is insane. Starting from the wave 2 and 4 of the of wave 1-yellow being a classic Zigzag and Triangle and wave 2-yellow for both being a classic Zigzag as well. If you missed that big run for Floki and Pepe (called it since) there is still some juice left, at least 100% before we sell both and go away again. PREVIIOUS ANALYSIS OTHER ANALYSIS
by DewyCandles
10
FLOKI Might Overcome Resistance for a Strong RallyThe recent action of BINANCE:FLOKIUSDT indicates a robust bullish trend. Recent price movements suggest that traders are positioning themselves for a potential breakout. The primary resistance levels to watch are at $0.00018326, $0.00018937, and $0.00019142. These levels are critical as they represent previous price peaks where selling pressure could re-emerge. Should the price manage to break above these resistances, we could see a strong upward movement, potentially targeting higher highs. Conversely, the support levels at $0.0001694, $0.00016877, and $0.00016866 are crucial for maintaining the bullish momentum. A fall below these levels could indicate a reversal or a consolidation phase, where traders might see a correction before any further upward movement. Technical indicators further affirm the bullish stance. Exponential Moving Averages (EMAs), with the 9 EMA currently rising from $0.00015822 to $0.00017405 and the 20 EMA rising from $0.00015194 to $0.00016296, are both trending upwards. This indicates a strong short-term and mid-term bullish trend, suggesting that the price is likely to continue its upward trajectory if it remains above these moving averages. Moving Average Convergence Divergence (MACD) values show a bullish crossover, with the MACD line consistently staying above the signal line. The histogram values support this positive momentum, though they show a slight reduction in the bullish strength. This indicates a strong upward trend, albeit with caution for potential slowing momentum. Relative Strength Index (RSI) values, peaking above 80 and then correcting to around 68, indicate that the FLOKI price was in an overbought territory but has since cooled off slightly. This suggests that while there is strong buying interest, there could be room for a pullback or consolidation before the next leg up. For long trades, consider entering a long position if the price sustains above the immediate resistance at $0.00018326. Potential exit points could be set near the next resistance levels at $0.00018937 and $0.00019142. Place a stop loss just below the support level at $0.0001694 to mitigate potential downside risk. For short trades, enter a short position if the price fails to hold above the $0.00018326 resistance level or if it breaks below the $0.0001694 support level. For short trades, potential exit points could be around the support levels at $0.00016877 and $0.00016866. Set a stop loss above the recent high at $0.00019585 to protect against unexpected upward spikes.
by Ecoinimist