Floki/Usdt - Swing Position
2024-12-06
Category: gaming

Date: 06/12/24

 Name: FLOKI/USDT 

 Market cap
$2.22B
1.95%
Volume (24h)
$595.72M
5.88%
FDV
$2.24B
Vol/Mkt Cap (24h)
26.80%
Total supply
9.67T FLOKI
Max. supply
--
Circulating supply
9.60T FLOKI

 

 Daily Time Frame – Swing Position – Long! 

 Reasons to be Bullish Case:  
 1)	Structure:  Market Structure shift
 2)	Current phase:  Pull back and consolidating (at Support), generating liquidity both side. 
 3)	Overall trend:  Continuation of Bull Trend.
 (4) Internal:  Structure Shift towards upside, pull back done, ready to sky rocket
  (5) Important Key notes:  . 
- Consolidating in a larger range for the last 272 days, 
- Currently holding mid range as its support and key level on Daily Time frame range.  
 Worst case Senerios:   
4)	Bitcoin is currently at All time high, liquidation flush remaining ($75k – $80k)
5)	Due to liquidity generated and Demand zone sitting below.
6)	if $0.00020327 is not hold, then we can see further buying opportunities on marked point of interests. 
7) 	Invalidation below $0.00011339

 Trade Plans:  
BUY CMP: $0.00023110
DCA: $0.00017818 – 0.00013438

 Invalidation:  $0.00011339

 Trend Based Fibionacci Targets:  
Target 1: $0.00043249
Target 2: $0.00063037
Target 3: $0.00075268
Target 4: $ 0.00095055

 **This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **
 
