Hi Guys! Before starting the analysis, I want to say two things First of all, because I am not a premium user, I have to analyze in higher time frames, which of course has a lower percentage of errors, but it is more difficult to understand! Second, I personally am not interested in meme coins and I don't think they are very predictable based on the price chart.
Well, to predict the price behavior of BINANCE:FLOKIUSDT and most of these meme coins I think the first point is to wait until the weekly candle closes and make your decision then.
The first scenario is that the price will break the specified resistance area in the range of 0.00004 to 0.000045 with power and momentum, and the next candle will open completely above the broken resistance. In this case, for a low-risk buy position, we wait for a pullback at the broken Resistance and make our Buy there. In this case, our Stop loss will be activated below the broken resistance.
The second scenario assumes that the upward trend of the market will be maintained, especially for Bitcoin. If the price is rejected from the specified resistance and returns to the previously broken trend line, in this case, the low-risk buy position is at the pullback point to the broken trend, and in this case, the stop loss is activated at a price of 0.000015 to 0.00002.
And The price targets are specified in the chart as follows
Short-term TP 0.00007
Mid-term TP 0.00011 / 0.00022
Long-term TP 0.00030
And in case of parabolic price movement, maybe up to 50 times prices (very, very low probability)
only use this for hodl and spot trading!