$1000FLOKI is sitting right under 0.03135 after a sharp 15m expansion, and this is where the next candle could decide whether momentum continues or finally cools down.
The structure is constructive: price reclaimed 0.03036 and has been printing higher highs and higher lows. I like the breakout structure, but I don't like chasing at the current high. The cleaner setup is confirmation above 0.03135.
Plan: conditional long.
Entry: 0.03140–0.03155
SL: 0.03055
TP1: 0.03220
TP2: 0.03300
TP3: 0.03400
Bullish case: a 15m close above 0.03135 followed by a hold could keep the current expansion moving toward the next psychological levels.
Bearish case: rejection at 0.03135 and a loss of 0.03036 would weaken the breakout and could send price back toward 0.02907.
I usually prefer letting a fast move prove itself rather than paying the highest price on the chart. Does 1000FLOKI have enough pressure to clear 0.03135, or is this where sellers finally step in?
#USDollarFallsToThreeMonthLow #USThreeMajorIndexesPostWeeklyLosses #TeslaHitsMonthlyHigh #GoldReboundsNearly5% #USRefinersFaceLoomingCrudeSupplyDrop
The structure is constructive: price reclaimed 0.03036 and has been printing higher highs and higher lows. I like the breakout structure, but I don't like chasing at the current high. The cleaner setup is confirmation above 0.03135.
Plan: conditional long.
Entry: 0.03140–0.03155
SL: 0.03055
TP1: 0.03220
TP2: 0.03300
TP3: 0.03400
Bullish case: a 15m close above 0.03135 followed by a hold could keep the current expansion moving toward the next psychological levels.
Bearish case: rejection at 0.03135 and a loss of 0.03036 would weaken the breakout and could send price back toward 0.02907.
I usually prefer letting a fast move prove itself rather than paying the highest price on the chart. Does 1000FLOKI have enough pressure to clear 0.03135, or is this where sellers finally step in?
#USDollarFallsToThreeMonthLow #USThreeMajorIndexesPostWeeklyLosses #TeslaHitsMonthlyHigh #GoldReboundsNearly5% #USRefinersFaceLoomingCrudeSupplyDrop