FLOKI Print Bullish MACD Crossover On The Daily Chart — 130% Potential 👀👀!

Today, $FLOKI has flashed a bullish MACD crossover on the daily chart. The signal could lead to a profit potential of 130%.

Here are the details and how to approach the signal👇👇

The MACD signal on the daily chart is usually highly reliable. Additionally, the backtest second the reliability.

However, based on the current chart situation of FLOKI and Bitcoin, it is probably wise to wait for an entry. Here are two requirements that have to be met first:

1️⃣ . Currently, FLOKI is hovering around its support/resistance level of 0.0001450. On the 1D chart, we want FLOKI to close above this level.

2️⃣ Bitcoin is currently tackling its 200 exponential moving average (EMA200). This is a decisive resistance and will impact the next few days. Therefore, we want $BTC to close above the EMA200.

If both criteria are met, a two-staged trade setup seems reasonable. As a first profit target, we can use 0.0002 as the next natural resistance. If this resistance breaks, FLOKI could go much higher and try to make a new high around 0.0035.

PS: This pattern would also mirror FLOKI's chart action between April and June.