hey fam
$FLOKI is maintaining a clear bullish channel, with price respecting both the ascending support and resistance trendlines. The recent pullback from the upper boundary appears corrective rather than impulsive, suggesting profit-taking instead of trend reversal. As long as price holds above the channel support, the broader structure remains bullish. The strategy here is to look for continuation from support zones while avoiding entries near resistance. A clean break above the channel high would open room for acceleration, while losing the lower trendline would invalidate the setup.
Trade Setup
Entry Zone: 0.00005500 – 0.00005620
Target 1: 0.00005850
Target 2: 0.00006100
Target 3: 0.00006450
Stop-Loss: 0.00005280
Trade with discipline, respect the channel structure, and let price action confirm your bias.
