FLOKI/USDT | Retest of Order Block for a Bullish Push
Updated
This FLOKI/USDT 4-hour chart suggests a potential bullish continuation after retesting the highlighted demand zone (order block) near $0.18335–$0.17875. The trade plan includes:
This setup anticipates a bounce driven by demand from the order block. Use proper risk management and adjust based on evolving market conditions. Feedback is appreciated—let's refine this together!
- Entry within the order block zone to maximize the risk-reward ratio.
- Stop-loss set below $0.17875 for protection against invalidation.
- Targeting $0.20618, aligned with a significant resistance level from previous price action.
This setup anticipates a bounce driven by demand from the order block. Use proper risk management and adjust based on evolving market conditions. Feedback is appreciated—let's refine this together!
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.