FLOKI SHORT & MEDIUM TERM

6 มิ.ย. 2023

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

QUICK UPDATE ON FLOKI.


As we can see price is still overall bearish making clean lower lows and lower highs,

So for now, bears are still in control!

Meanwhile, price is approaching a strong demand zone, where we will be looking for new longs as well.

For now, and from a short-term perspective, we need a new swing high to be formed around the falling trendline, then a break

However, from a medium-term bullish movement, we are still waiting for the bulls to kick in after breaking above the upper major swing high marked on the chart.


If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!