Technical analysis by SwallowAcademy about Symbol FLOKI: Sell recommendation (8/2/2024)

We are back with Floki Coin, where we see a good possibility for price to move towards the support zone (after seeing a nice breakdown from 200EMA). But one thing we need to keep in mind is that a possible fakeout can form here (as last time we broke 200EMA, we had a fakeout). So with that being said, we are looking for touch here and if we manage to break the support zone, then good downward movement might occur! Swallow Team