Technical analysis by The_Alchemist_Trader_ about Symbol FLOKI: Buy recommendation (5/14/2025)

FLOKI has broken out from a bullish market structure but is now pulling back after rejecting off the channel high resistance. Price action is approaching key daily support, with significant liquidity sitting just below.Key Technical Confluence Zone:- 0.618 Fibonacci Retracement- Internal Weekly Support/Resistance- Upsloping Channel Support- VWAP SupportThis zone offers a high-probability long setup if a retest confirms buyer strength. The current price action resembles a bullish correction after expansion, setting the stage for continuation higher—if support holds.Traders should watch for a reaction at the lower support to signal potential re-entry opportunities for the next leg up.