A bull flag on the 2-week (2W) timeframe for $FLOKI suggests a potential continuation of its upward trend.
This pattern typically indicates bullish momentum.
Key Factors to Watch:
1. Volume Confirmation
Look for increasing volume as the price breaks out above the flag.
2. Breakout Level
Identify and monitor the resistance level of the flag.
A confirmed breakout above this level signals continuation.
3. Trend Context
Ensure the broader market sentiment aligns with a bullish scenario.
4. Targets
Use the height of the pole to project the potential target after a breakout.
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