$FLOKI Ready to Breakout?!On higher time frames GATEIO:FLOKIUSDT looks like it is priming for a big move
Weekly: in December we ran to 4000 and then pulled back, last two weeks have discovered a "higher low" and look the be setting up to take 4000+
Daily: Have a nice flag that looks to be breaking the 3440 resistance level. Had a pullback Feb 17th that held, printed a hammer candle and looks to be following through now.
4H: Looks to be closing above the 3440 resitance level which could lead to a big candle
Vol: would like to see more volume on this ticker, would solidify some social backing behind the token
EMA: strong ema support down to 3000, if we fail and price heads back towards those levels, its not a bad long for some orders.
Plan:
Entry: I'm in at 3399 for an initial swing position. This is a tough lvl and fails often so be comfortable holding through a 5-8% down turn. I would like to add on a break of 3400 with confirmatory candles/volume.
SL: will ideally hold unless we dump/break 3050 range (EMA support range)
TP: initial target 3900-4000
*if we continue to see $ flow into cryptocurrencies FLOKI could explode again, no reason you cant get 70-120% if thats the case.