$1000FLOKI latest market update š
Long/Short: Ranging
Entry: 0.02082ā0.02102
Stop loss: 0.02072
Targets: 0.02113/0.02130/0.02151
Reasoning: This market is just unbelievableāRSI is already 73 and it still manages to print ātrend unclearā in plain sight. The EMA crossover looks like it happened while half asleep: bulls and bears are acting out for each other. So all we can do is stare at the 0.02092 area. If you call it strong, it wonāt decisively break through; if you call it weak, it still hasnāt fallen below the stop loss. Itās an absolute pest that grindsāsweeping up and down with no regard for your mood. Classic ranging behavior. Donāt see one green candle and start imagining a one-way moveābe careful or youāll get slapped in the face. If you really want to trade, keep your eyes on the line at 0.020719. If it breaks, consider exiting; if it doesnāt, hold on. Either way, Iām treating this spot like a spectator seatāwaiting for it to choose a side on its own. If you canāt resist clicking in, youāre basically donating fees and warmth to the market. With our size, we canāt afford getting slapped back and forth.
Risk warning: Suggested stop-loss level: 0.020719. Please adjust your position size according to your own risk tolerance
#1000FLOKI
Long/Short: Ranging
Entry: 0.02082ā0.02102
Stop loss: 0.02072
Targets: 0.02113/0.02130/0.02151
Reasoning: This market is just unbelievableāRSI is already 73 and it still manages to print ātrend unclearā in plain sight. The EMA crossover looks like it happened while half asleep: bulls and bears are acting out for each other. So all we can do is stare at the 0.02092 area. If you call it strong, it wonāt decisively break through; if you call it weak, it still hasnāt fallen below the stop loss. Itās an absolute pest that grindsāsweeping up and down with no regard for your mood. Classic ranging behavior. Donāt see one green candle and start imagining a one-way moveābe careful or youāll get slapped in the face. If you really want to trade, keep your eyes on the line at 0.020719. If it breaks, consider exiting; if it doesnāt, hold on. Either way, Iām treating this spot like a spectator seatāwaiting for it to choose a side on its own. If you canāt resist clicking in, youāre basically donating fees and warmth to the market. With our size, we canāt afford getting slapped back and forth.
Risk warning: Suggested stop-loss level: 0.020719. Please adjust your position size according to your own risk tolerance
#1000FLOKI