FLOKI → A short term analysis

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hello guys.


The chart shows a head and shoulders pattern, which is a reversal indicator.
The price formed a left shoulder, head, and right shoulder pattern, signaling a potential bullish move.
Price has broken out of the yellow support zone (neckline of the pattern), confirming the reversal.
Immediate target is around 0.00014400 USDT (blue zone).
Extended target is around 0.00016600 USDT.
The bullish structure suggests an upward movement is expected after the breakout.

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Nota
istantanea

floki reacted to the yellow area so sufficiently, it is toward the target
Trade chiuso: obiettivo raggiunto
the first target area touched:
istantanea
#floki #flokiusdt
Trade chiuso: obiettivo raggiunto
the next target touched:
istantanea
Beyond Technical AnalysisChart PatternsflokiflokicryptoflokiusdFLOKIUSDTTrend Analysis

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