Yello Paradisers! #FLOKI showed a strong bullish move after breaking out of the consolidation zone. However, it has now formed a potential M-pattern at the top, which increases the likelihood of a pullback.

💎If #FLOKIUSDT retraces to the key support zone and shows a bullish Internal Change of Character (I-CHoCH) on the lower timeframe, it will enhance the probability of a continuation to the next bullish leg. Additionally, formations like a W-pattern or an Inverse Head & Shoulders on the lower timeframe will further validate the bullish setup.

💎In the event of panic selling and a breakdown below the key support zone, it would be prudent to look for opportunities at the second support zone. As always, wait for confirmation with a bullish I-CHoCH on the lower timeframe to improve the trade's probability.

💎However, if the price breaks down & closes candle below the final support zone, it will invalidate the bullish outlook entirely. In such a scenario, it is better to step back and wait for clearer price action to develop before considering new positions.

🎖The key to consistent profitability is patience and waiting for high-probability setups. Stay disciplined and let the market come to you, Paradisers. Avoid chasing trades, and always stick to a robust strategy. That’s the only way to thrive in the long term!

MyCryptoParadise
iFeel the success

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