Analysis of chart $FLOKI on the 4H frame and trading plan

⭐Technical Analysis:

Overall trend:

FLOKI is currently fluctuating within a narrow range after strong movements at the end of November and the beginning of December. The current dominant trend is sideways, with unclear highs and lows, indicating that market sentiment is hesitant.

⭐Technical Indicators:

RSI: The current RSI is at 52, which is neutral, showing no signs of overbought or oversold. This indicates that buying/selling pressure is balanced, consistent with an accumulation state.

EMA or MA lines: These lines are converging closely, indicating that the price is in a non-strong trend area. If the price clearly breaks above these lines, a bullish signal may be confirmed.

⭐Important Support and Resistance:

Resistance: The nearest resistance level is 0.002480.

Stronger resistance is located in the range of 0.0026-0.0027. Support: The nearest support is at 0.0023.

Stronger support is in the range of 0.00215.

⭐Trading Plan:

Scenario 1: Price breaks through resistance at 0.00248.

Condition: Price exceeds the resistance level of 0.00248 with a sudden increase in trading volume.

Strategy: Buy in the range of 0.00248 - 0.0025.

Target 1: 0.0026.

Target 2: 0.0027.

Stop loss at 0.00238 to minimize risk.

Scenario 2: Price adjusts to support at 0.000023.

Condition: Price drops to a strong support area and shows signs of bouncing back.

Strategy: Buy in the range of 0.0023 - 0.00232.

Target 1: 0.00245.

Target 2: 0.0026.

Stop loss at 0.00225 if the price continues to decline.

Note when trading:

FLOKI is a project belonging to the meme coin group, easily influenced by media news and community behavior.