Technical analysis by CryptoAnalystSignal about Symbol FLOKI: Buy recommendation (6 hour ago)

#FLOKI The price is moving within an ascending channel on the 1-hour timeframe and is adhering to it well. It is poised to break out strongly and retest the channel. We have a downtrend line on the RSI indicator that is about to break and retest, which supports the upward move. There is a key support zone in green at 0.00005200, representing a strong support point. We have a trend of consolidation above the 100-period moving average. Entry price: 0.00005500 First target: 0.00006450 Second target: 0.0005904 Third target: 0.00006170 Don't forget a simple money management rule. Place your stop-loss order below the green support zone. Once you reach the first target, save some money and then change your stop-loss order to an entry order. For any questions, please leave a comment. Thank you.