FLOKI — Double Top & Bearish Signal On The Weekly Chart — Back To 0.0004?
$FLOKI is facing a difficult chart setup and technical indicators. As a result, the token might plummet 80% towards 0.0004.
It is worth noting that this is the worst-case scenario.
Here's why 👇
→ FLOKI has formed a double top on the weekly chart and has already started to dip from the recent highs.
→ Additionally, the MACD flashed a #bearish crossover on the weekly chart.
Chart patterns and signals on the weekly chart are usually highly reliable, although they might not have a short-term impact.
The additional problem with FLOKI is the lack of proper support lines. Besides one support at the level of 0.00014, FLOKI might find itself free falling down to the major support at 0.00004.
Be careful and make the most out of it!
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