šØ FLOKI Update: Rebound from Identified Support! What's Next? šØ
FLOKI has retraced back to a key support level and is showing signs of stabilization. Here's an updated analysis to guide your next moves.
Resistance Levels:
qVAH at $0.0003
Immediate resistance at $0.00028-29
Support Levels:
Current support at $0.000265
mVAH at $0.000221
Volume Profile:
High trading activity around support
mPOC at $0.00017 remains a strong support zone
RSI Levels:
Current RSI at 62.80, indicating neutral to slightly overbought conditions
Key Takeaways:
š”ļø Support Holds: The identified support at $0.00026558 is holding well, providing a potential entry point for bulls.
š¹ Resistance Test: Immediate resistance at $0.00028367 and qVAH at $0.00030 are critical levels to watch for any upward movement.
š Neutral RSI: RSI cooling off to 62.80 suggests room for further upside, but caution is warranted as it approaches overbought territory.
Strategy:
For Bulls: Consider buying at current support levels with tight stop-losses below $0.00026558. Watch for a breakout above immediate resistance.
For Bears: Short opportunities may arise if the price fails to break above $0.00028367 and RSI starts to decline.
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