On higher time frames
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.
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.
Comment:
Big dump so far today! lets see if we hold and rebound. Lots of support down to 3000
Comment:
Let's see where this daily candle closes, ideally closer to 3500
Comment:
FLOKI
held on pullback on the 21st (white arrow) and looks ready to test 3630 resistance again. It should see 8-12% if it can close above. Daily chart below looks strong, building underneath the resistance.
Im still in swing trade, let's see if we reach 4000!
Im still in swing trade, let's see if we reach 4000!
Comment:
What a move by
FLOKI
I've scaled out of the position at 4000 and 4800. I've also added a longer term swing position not on leverage but as a bag hold in case this cycle we take off. 🔥
Zooming out on the weekly chart FLOKI can really move over the next few weeks if crypto runs into the
BTC
halving. Watch FLOKI, there is no reason we don't see a few hundred % increase in price if that is the case.
I've scaled out of the position at 4000 and 4800. I've also added a longer term swing position not on leverage but as a bag hold in case this cycle we take off. 🔥
Zooming out on the weekly chart FLOKI can really move over the next few weeks if crypto runs into the
BTC
halving. Watch FLOKI, there is no reason we don't see a few hundred % increase in price if that is the case.