Floki surged to a new all-time high and may face a pullback, the core strategy is as follows 🔥🔥🔥

Floki's recent price surge to a new all-time high mainly benefited from Bitcoin's recovery from $56,000 to nearly $73,000.

During this rise, the price found support at key exponential moving averages, especially on the 1-hour and 4-hour lines, showing the resilience of Floki's upward trajectory.

On the 4-hour chart, EMA 50 and 100 played an important role as support levels. The price is currently in a weak resistance zone and may pull back to $0.00028 before resuming the upward trend.

A pullback to the $0.00028 level may pave the way for a more sustainable upward trend.

On the 1-hour timeframe, Floki is trading above the 50, 100, and 200 EMAs, indicating strong short- to medium-term price action.

The 50 EMA is currently around $0.00029 and is trending upwards, which may adjust in the short to medium term.

Warning: Monitor the key support level of $0.00028 to catch signs of market reversal or continuation.

Risk: Set stop-loss orders and diversify your portfolio to mitigate potential losses.

Opportunity: A pullback to $0.00028 may provide a buying opportunity for investors who enter or increase their Floki positions.

Floki's recent strong performance and market support indicate that it has great potential in the future. Investors should pay attention to key support levels and market dynamics to develop an effective investment strategy.

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