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Thursday, October 5, 2023

FLOKI is near the bears' den

FLOKI is near the bears' den


Hello, I hope you have been profitable.

FLOKI has been bullish for several days and has moved sharply. Examining the chart, we found that FLOKI is near an important resistance, in this area, in my opinion, the bears will come into play and push the price down.

Be careful of this range, in this range we are looking for sell/short positions.

I specified the invalidation level, closing a dayli candle above this level will violate the analysis.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You

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