FLOKI Price Action Range| Declining Volume| Trend| Accumulation

Evening Traders,

Today’s analysis – FLOKI – trading in a price action range before another potential expansion,

Points to consider,

- Price Action impulsive
- Rotational Period
- Accumulation
- Declining Volume

FLOKI’s immediate price action is rotational, hinting towards a possible accumulation phase allowing for a bullish bias.

The current volume profile is declining; an influx is highly imminent when an expansion occurs.

This period can remain rotational for an extended time, thus the define price action range is the boundary.

Overall, in my opinion, FLOKI is a valid long with defined risk, price action is to be used upom discretion/ management.

Hope this analysis helps

Thank you for following my work

And remember,

‘’No one strategy is correct all the time’’.- John Paulson