Floki/Usdt - Swing Position

6 Ara

Date: 06/12/24

Name: FLOKI/USDT

Market cap
2.22B
1.95%
Volume (24h)
595.72M
5.88%
FDV
2.24B
Vol/Mkt Cap (24h)
26.80%
Total supply
9.67T FLOKI
Max. supply
--
Circulating supply
9.60T FLOKI



Daily Time Frame – Swing Position – Long!

Reasons to be Bullish Case:
1) Structure: Market Structure shift
2) Current phase: Pull back and consolidating (at Support), generating liquidity both side.
3) Overall trend: Continuation of Bull Trend.
(4) Internal: Structure Shift towards upside, pull back done, ready to sky rocket
(5) Important Key notes: .
- Consolidating in a larger range for the last 272 days,
- Currently holding mid range as its support and key level on Daily Time frame range.
Worst case Senerios:
4) Bitcoin is currently at All time high, liquidation flush remaining (75k – 80k)
5) Due to liquidity generated and Demand zone sitting below.
6) if $0.00020327 is not hold, then we can see further buying opportunities on marked point of interests.
7) Invalidation below $0.00011339

Trade Plans:
BUY CMP: $0.00023110
DCA: $0.00017818 – 0.00013438

Invalidation: $0.00011339

Trend Based Fibionacci Targets:
Target 1: $0.00043249
Target 2: $0.00063037
Target 3: $0.00075268
Target 4: $ 0.00095055

**This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **