$FLOKI PUMPS! 🔥 But Is The Rally Here To Stay? 👇
FLOKI recently surged by 30% in last 24 hours! This rally which saw Floki bouncing up from S1, was mainly driven by the deal/partnership with the English Premier League to feature Floki into ads during football matches and Simon's CAT airdrop. These event helped Floki to reach its current price level; testing now the resistance R1. But there is More!
- Please, don't forget to Cast Your Vote 🙏
From an indicator prospective, FLOKI is currently testing R1, which potentially could turn into a support. Daily indicators such as HMA, MOM and EMA are suggesting strength. Floki's price is currently above EMA10 and HMA10 (Hull Moving Average), which react faster to price changes (rather than EMA/MA). HMA is sloping upwards suggesting an uptrend. MOM10, which measures the speed at which the price of an asset is moving, is rising and thus reinforcing the bullish sentiment!
According to this situation, I'll implement the following Strategy (+ Hedge):
I'll open a long position on R1 with a stop loss at 0.000128. First take profit at R2 (66%) and second take profit at R3 (33%). If R1 doesn't become a support due to low volumes and thus the market goes against me, I'll open a short position on previous stop loss (0.000128). Take profit short position on S1. More infos will come in case I'll open a short position!
Did You Know That FLOKI Has Developed Its Own Game Valhalla Into The Metaverse? 🤔
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
