Technical Analysis (FLOKI/USDT 1-Day Chart)



1. General Graphics Review:


• Formation: A strong upward wave is observed on the chart. Horizontal support and resistance levels indicate important decision areas for the price. The recent price action indicates the potential for a new rise with a strong close above the resistance level.


• Volume: The bullish move is supported by increasing volume. This increases the validity of the price action. Areas with high volume profiles are the levels that traders should pay attention to.



2. Support and Resistance Levels:


• Support Levels:


• 0.0002000 USDT: This level acts as a strong support area. If the price tests it and holds, the uptrend may continue.


• 0.0001800 USDT: This is a major pullback zone where the previous broken resistance level is becoming support.


• Resistance Levels:


• 0.0002600-0.0002800 USDT: This level is the area where the price has been rejected in the past and selling pressure has increased.


• 0.0003200 USDT: A move towards new all-time highs could target this area.



3. Indicators:


• RSI (Relative Strength Index): The RSI should be monitored to check if it is approaching the overbought territory. Overbought levels could indicate a potential pullback.


• MACD: If the MACD is in the positive territory and there is upward momentum, it is a positive sign for the continuation of the uptrend.


• Volume Indicators: Increasing volume during an uptrend indicates that the price is strongly supported. Decreasing volume during a consolidation may indicate that traders are waiting for a new direction.



4. Formations and Formation Reversals:


• Ascending Triangle Formation: If the price breaks the previous resistance level, it may have triggered an upward movement, completing the ascending triangle formation.


• Horizontal Consolidation: This may indicate that the price is in the short-term decision phase and is waiting for a breakout to the upside or downside.



5. Trend Direction:


• Short-Term Trend: There is a strong uptrend. The price continues to rise, making higher lows and higher highs.


• Medium Term Trend: Upside potential continues, but resistance levels need to be broken.


• Long-Term Trend: There is a generally positive outlook, but resistance zones will need to be broken for new highs.



6. Strategy and Recommendations:


• Buying Strategy: Buying can be considered at support levels above 0.0002000 USDT. For new positions, a strong reaction from the price at this level should be expected.


• Breakout Follow-up: A breakout above the resistance level may provide a buying opportunity for the continuation of the rise. The increase in volume will support the validity of this breakout.


• Stop-Loss: If it falls below 0.0001800 USDT, it is recommended to use a stop-loss. This level may indicate that the uptrend is weakening.


• Take Profit: The first target can be set as 0.0002600-0.0002800 USDT. The second target is 0.0003200 USDT.



7. General Comment:


• Market structure supports an uptrend, but caution should be exercised. Investors should closely monitor volume and price movements. Maintaining critical support levels may sustain uptrend potential.


• Risk management strategies should be implemented and general market sentiment should be monitored.