FLOKI
Is meme season really back or is this just exit liquidity in a dog mask? Recently FLOKI grabbed headlines again as market chatter about new integrations and listings picked up, and you can see how fast liquidity chased it up. Now the hype cooled off a bit and price is pulling back from that upper red supply zone on the 4H chart.
On the 4H, price rejected hard from the 0.000031–0.000032 area and is sliding toward the mid black band, while RSI rolled over from overbought. For me that screams “cooldown phase,” not full trend reversal yet. As long as buyers defend the first green demand block below, I lean to a corrective dip first, then another attempt higher as fresh news keeps meme money rotating in.
My plan: I’m watching for a sweep into the nearest green zone and a bounce with RSI curling up to take a speculative long, targeting a retest of the red zone above. If price slices clean through that green demand and closes 4H below it, I flip the script and look for deeper downside into the lower green box. I might be wrong, but chasing green candles up here feels like buying the top of the carnival ride 🚀