FLOKI – Correction Before the Next Move?

FLOKI recently bounced strongly from the demand zone and is now entering a correction phase after its latest bullish impulse.

The key area to watch is the intersection between:

1️⃣ The 0.618 Fibonacci retracement
2️⃣ The blue demand zone

📌 As FLOKI approaches this area, we will be looking for long setups, anticipating a potential rejection and another bullish impulse.

If buyers step in from this confluence, the next major level to watch will be the 0.00003000 resistance.

For now, patience. Let the correction bring price back to our area rather than chasing the move.

⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk and wait for proper confirmation before entering a trade.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr