🚀 FLOKI Trade Size Analysis - October 10, 2024 🚀

FLOKI is currently in a consolidation phase, hovering just below the key resistance level of 0.000135. A breakout above this level could spark a rally toward 0.0002.

To gain deeper insights into the market dynamics, I dove into nearly 1 million FLOKI trades, and here's what I uncovered:

Buy vs. Sell Ratio: The number of buy orders slightly edges out sells by 3%, with 484,000 buys compared to 467,000 sells. 🟢

Average Order Size: On average, sell orders are larger, containing 2.24M tokens, while buy orders are at 2.01M tokens. 🔴

Larger Trades: When analyzing larger trades, buys again surpass sells! There are eight buy orders in the 50k-100k range compared to just six sell orders. 🟢

Big Players are Buying: In the 100k-500k range, the data shines even brighter with two buys and zero sells. 🟢

📈 Conclusion:

The data indicates a robust consolidation period for FLOKI. While there are more buyers in the market, sellers are executing slightly larger positions. Importantly, it seems that larger players are increasingly favoring buys at this level!

Keep an eye on the charts — a breakout could be imminent!

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