🚀 $FLOCK Surges 28% — Major Reversal or Just a Relief Rally?
FLOCK is trading near $0.04098 after gaining 28.75%, with $36.71M in 24-hour volume. On the 3-day chart, price has reclaimed EMA 9 and EMA 21, showing improving momentum. However, MA 44 at $0.04336 and EMA 50 at $0.04806 form a major resistance zone, while EMA 9 has not yet crossed above EMA 21. Therefore, the larger trend reversal remains unconfirmed. The chart shows an ATH near $0.13090 and an ATL at $0.02712.
Long Setup: A pullback and bullish hold between $0.0360–$0.0380 could provide an early entry with stop-loss below $0.0330 and targets at $0.04336, $0.04806 and $0.0560. The safer long setup requires a confirmed breakout and successful retest above $0.0481, targeting $0.0560, $0.0700 and $0.0901.
Short Setup: A bearish rejection from the $0.0433–$0.0481 resistance zone followed by a breakdown below $0.0375 would confirm weakness. Entry can be considered near $0.0370–$0.0380 after a failed reclaim, with stop-loss above $0.0415 and targets at $0.0340, $0.0316 and $0.0271.
FLOCK is showing early recovery signs, but the move remains a relief rally until EMA 50 is reclaimed. Avoid chasing directly below major resistance and wait for confirmation.
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