FLOKI: Bullish Momentum Ahead! Keep an Eye on Key Levels
💎 FLOKI has formed a cup and handle pattern and successfully broken above the resistant zone, which is now expected to act as support, indicating a potential bullish movement.
💎If FLOKIUSDT retests the broken resistant zone and forms a bullish candlestick pattern, we can anticipate a bullish movement towards the next resistant zone. Conversely, if the price falls below the resistant level, we may expect a bounce from the demand area.
💎However, if FLOKI breaks down below the demand area, it would signal a bearish structure, and it would be advisable to avoid trading it in that scenario and wait for more clarity in price action.
💎If FLOKIUSDT retests the broken resistant zone and forms a bullish candlestick pattern, we can anticipate a bullish movement towards the next resistant zone. Conversely, if the price falls below the resistant level, we may expect a bounce from the demand area.
💎However, if FLOKI breaks down below the demand area, it would signal a bearish structure, and it would be advisable to avoid trading it in that scenario and wait for more clarity in price action.
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