Technical analysis by Tanzeelhanif about Symbol FLOKI: Sell recommendation (5/1/2024)

In the one-hour timeframe for FLOKI/USD, we're observing the formation of a bearish flag pattern. Concurrently, RSI analysis reveals no signs of divergence, reinforcing the likelihood of the current downward trend continuing. This alignment between the bearish flag pattern and the absence of divergence in RSI suggests a higher probability of further downside movement in the near term.