FLOKIUSDT Pullback at Fibonacci Resistance – Bounce?📊 Market Overview:
FLOKI has recently posted a remarkable rally, gaining over +200% from the swing low at 0.00004548. This surge broke through multiple resistance levels, forming a strong bullish market structure with clear Higher Highs (HH) and Higher Lows (HL).
However, this bullish momentum has now met a critical resistance at 0.00015339, which aligns with the Fibonacci 0.382 retracement level of the previous macro move. This rejection has triggered a pullback, raising questions: is this a healthy retracement, or the start of a trend reversal?
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🧠 Technical Breakdown:
✅ Bullish Structure in Play
The recent move appears to be part of a larger impulsive wave, possibly Wave 1 or 3 of an Elliott Wave sequence.
✅ Golden Pocket Zone in Sight
The highlighted yellow box marks the Fibonacci Golden Pocket area between 0.5 (0.00011441) and 0.618 (0.0001104) — historically, this is a high-probability buy zone where bulls often regain control.
✅ Breakout Retest Potential
The current pullback could be a textbook retest of the previous breakout base, setting up for continuation — but only if this key zone holds.
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🟢 Bullish Scenario:
If the price finds support at the 0.000110–0.000114 zone, and forms a strong bullish reversal candle (e.g., bullish engulfing, hammer), it could ignite a fresh wave upward targeting:
🔼 0.00015339 (breakout level)
🔼 0.00018212
🔼 0.00020366
🔼 0.00022000
🔼 0.00026506
🏁 0.00028898 — the previous major high and full swing target
Such a move would validate the continuation of the macro uptrend and possibly confirm Wave 3 in a larger Elliott Wave structure.
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🔴 Bearish Scenario:
On the other hand, a daily close below 0.000110 would invalidate the bullish golden pocket thesis and potentially shift momentum in favor of the bears.
Possible downside targets include:
🔻 0.00008500 — minor support and demand zone
🔻 0.00004548 — the macro low and strong historical support
This would form a Lower High (LH) structure, which could signal the beginning of a bearish trend or extended consolidation.
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🔍 Conclusion:
> FLOKIUSDT is now at a make-or-break level. The 0.000110–0.000114 zone is where bulls and bears will battle for control of the trend.
Hold here — and we may see a strong continuation.
Break below — and caution is warranted.
Wait for clear price action confirmation in the coming sessions before positioning. This zone will likely dictate FLOKI’s next major move.
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💡 Pro Tips for Traders:
Watch for bullish reversal candlesticks in the golden pocket area.
Monitor volume — rising volume on a bounce increases breakout probability.
RSI divergence may provide early signs of trend reversal or continuation.
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