Most of the meme coins have bullish signs atm.
Invested arround $3.1k in FLOKI today and it is already -7%.
Feel free to follow me cause I will share transparent numbers of what I do and how I do it. Not some kind of ‘dream’ or magic story.
-7% not that triggering to me at the moment. Since just wanted to put some in this dip which is already deep and be more excited even if minor increase will come in the short term. Cause all the other coins will have to wait.
Will wait for confirmation of RSI moving above 50. Bounce from the middle bollinger band.
Then I will put a stop loss at the middle bollinger band or MA25.
Will probably take profit at upper bollinger band or consider go further depending on the chart.
At the moment you can still see bullish signs looking at FLOKI 4 hour chart.
MACD trend line is below the signal line and below zero. Which indicates bearish momentum.
Selling volume increased which enforced the price drop.
Stoch RSI is only at 5 and RSI 27.58 which shows oversold positions. Would be wise to wait at least for 50 that would indicate strengthening bullish momentum.
Bollinger bands quite wide, that shows high volatility and price is moving and stopping at the lower band which indicates oversold condition.
That is just my plan and thoughts what I will do. Not an advice.
