I remember we traded Floki Inu successfully on the bullish side, it was a nice ride, do you remember? Market conditions have changed.
Notice the huge green candles in February 2024, these are about to be reversed; the mirror image. The same that happened in February 2024 as bullish you will see now as bearish.
Floki Inu (FLOKIUSDT) peaked in March 2024. It produced a higher high in June as part of an irregular correction, it has been moving down since.
A major low was hit in early August and after more than 80 days of sideways there is no signification bullish action, which tells us that we are seeing a bearish consolidation phase; Floki Inu is now in distribution.
The highest buy volume came in March. After March, the biggest volume bars are red. Mostly selling, selling pressure and lower prices; a crash comes next.
The two main support levels are mapped on the chart. It will be epic. If you are still holding this pair, RUN!
Namaste.
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