Based on the chart, it appears that 1000FLOKIUSDT has recently broken out of a rising wedge pattern, which can be a bullish signal. The price has surged past the resistance levels around 0.12099 and 0.27172, and it is currently trading at approximately 0.23485, indicating strong upward momentum.
However, there are a few factors to consider before taking a spot position:
Confirmation of Breakout: Ensure that the breakout above the resistance is confirmed by subsequent price action and volume.
Risk Management: Set a stop-loss order to mitigate potential losses if the price reverses.
Market Conditions: Evaluate broader market conditions and news that might affect the price of FLOKI.
Given the positive momentum, a spot position could be considered,
Take Spot at 0.22 and target will be 0.31,
