#FLOKI will DUMP Hard ⁉️

.

.

.

.

Yesterday's market was on fire, thanks to GameStop's performance, which boosted meme

claim free USDT coins like FLOKI and PEPE. However, the momentum has slowed down since last night, with a series of hourly selloffs.

Here's the current situation:

- $20 million in long positions are at risk of being sold off, which could lead to a price dump.

- The crucial support level of 2600 is under threat.

Now, let's look at the possible scenarios:

Bullish Case: If open interest increases, we might see a consolidation above 2600, followed by a breakout to 3100.

Bearish Case: If open interest doesn't increase, a coordinated selloff may continue, leading to a drop below 2600, and a neutral market consolidating around 2370.

So, what's the plan?

- Keep a close eye on open interest to determine the market's direction.

- Wait for either the 2600 support level to break or the 2720 level to break to determine the next move.

Stay vigilant, and let's ride this market wave together!

$FLOKI $PEPE $BTC #memecoin #trading #openinterests #altcoins

Tip the creator

Marquitta Kasemeier j7Sl