#FLOKI
is still moving within a long-term Descending Channel formed by two downward-sloping trendlines. This structure shows that $FLOKI has previously been in a controlled downtrend, with a consistent pattern of lower highs and lower lows. However, price is now approaching the upper boundary of the channel again. Since this area represents major resistance, the next move will be very important. The best scenario for now is to wait until the price breaks through this resistance line and then open a Buy/Long position after that.
Short term target is at least 15%+ from here.
Important note, a rejection back from here will continue the trend of this pattern.
