$1000FLOKI #BullishMomentum

1000FLOKI/USDT (1D time frame)

Technical Analysis:

Trend: Still in a strong uptrend (as seen from EMA 7 > EMA 25 > EMA 99).

Channel: Price is moving in an ascending channel (marked by the dashed red line).

Current Price: $0.14218 (approaching the upper channel resistance).

RSI(6): 69.9 → nearing overbought, but not yet showing bearish divergence.

Volume: Significantly increasing, supporting upward momentum.

Signal: Bullish Continuation, price successfully rebounded from channel support and EMA(25).

Entry Confirmation: Price breaks and closes above minor resistance $0.1412.

Position Recommendation (short-term swing trade):

Entry/Open Position (Long):

✅ $0.1400 – $0.1420

Take Profit (TP):

🎯 TP1: $0.1480 (upper channel resistance)

🎯 TP2: $0.1505 (psychological resistance & further target)

Stop Loss (SL):

❌ $0.1280 (below EMA(25) & lower channel support)

Note:

If the price breaks $0.1505 with high volume, a significant breakout could occur.

If RSI crosses 75-80, consider gradual take profit.

Pay attention to global market pressure/fundamental news as microcap markets are very sensitive.