#FLOKI : My Trading Plan ✅
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I've been keeping a close watch on Floki (FLOKI), and I'm feeling quite bullish about its prospects. Recently, FLOKI broke out above a significant level at 16,000 and is now consolidating in a bullish zone between 16,000 and 19,500. The increase in open interest and the closure of short orders are further indicators of this bullish sentiment. I'm anticipating that FLOKI will break above 19,500 and rally up to at least 23,500.
However, it's important to note that FLOKI's movement is heavily dependent on Bitcoin's momentum. For FLOKI to maintain its upward trajectory, Bitcoin needs to remain bullish.
In the short term, I expect a pullback to the 17,000-16,000 level before FLOKI can resume its upward trend. FLOKI may consolidate in this zone before making another breakout.
As for my personal trading plan, I intend to buy FLOKI in the 17,000-15,500 zone and will keep you updated on my strategy. I'll be using a stop-loss below the bottom of the current consolidation zone to manage risk. Stay tuned for more updates!
