FLOKI AROUND A STRONG ZONE

17 giu 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 approached a strong demand zone, where we will be looking for new longs as well.

For now, and from a short-term perspective, for the bulls to kick in we need a break above the marked major swing high.

Then a movement higher would be expected,

1-2 risk to reward ratio from a risk management perspective and from an Edge over the market.

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!