The Macro Picture 🗺️
FLOKI has been carving a descending structure since the May $0.0000380 peak, printing a clean sequence of lower highs and lower lows. Every rally has been sold — the bounce to $0.0000270 in early July was the latest lower high, and it was faded before price rolled back over. This is a market defined by persistent supply, where each recovery becomes fuel for the next flush. Price now grinds near $0.0000230, just above the $0.0000215 lows with RSI stuck below its average around 44, and the path of least resistance still points down toward the liquidity pooling beneath the range.
The Setup ⚙️
The Ceiling: The $0.0000270 decision line is where bears are defending. As marked by the red projection, this former support flipped into resistance and rejected the last attempt to recover.
The Rejection: Above sits the $0.0000270–0.00003 supply block. Price would need to reclaim this entire band to neutralize the downtrend, and momentum offers no support for that case yet.
The Trigger: A break below the $0.0000215 lows would clear out over-leveraged longs stacked at support and open the path of least resistance toward the $0.00002 macro floor.
The Roadmap: Primary target sits at $0.00002 — the red projection points there as the natural draw on liquidity below the range. Invalidation: a sustained 4H close back above $0.0000270 would invalidate this bearish thesis and signal a structural reset in favor of the bulls.
More setups in profile.
#FLOKI #CRYPTO #Memecoins #Altcoins #TechnicalAnalysis
FLOKI has been carving a descending structure since the May $0.0000380 peak, printing a clean sequence of lower highs and lower lows. Every rally has been sold — the bounce to $0.0000270 in early July was the latest lower high, and it was faded before price rolled back over. This is a market defined by persistent supply, where each recovery becomes fuel for the next flush. Price now grinds near $0.0000230, just above the $0.0000215 lows with RSI stuck below its average around 44, and the path of least resistance still points down toward the liquidity pooling beneath the range.
The Setup ⚙️
The Ceiling: The $0.0000270 decision line is where bears are defending. As marked by the red projection, this former support flipped into resistance and rejected the last attempt to recover.
The Rejection: Above sits the $0.0000270–0.00003 supply block. Price would need to reclaim this entire band to neutralize the downtrend, and momentum offers no support for that case yet.
The Trigger: A break below the $0.0000215 lows would clear out over-leveraged longs stacked at support and open the path of least resistance toward the $0.00002 macro floor.
The Roadmap: Primary target sits at $0.00002 — the red projection points there as the natural draw on liquidity below the range. Invalidation: a sustained 4H close back above $0.0000270 would invalidate this bearish thesis and signal a structural reset in favor of the bulls.
More setups in profile.
#FLOKI #CRYPTO #Memecoins #Altcoins #TechnicalAnalysis
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📈 Stop guessing your settings — backtest & optimize with QuantPilot
🎁 Free to start
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.