$Floki Vikings are getting ready.
Floki is positioned on the lower band of the major ascending channel on the 2W timeframe, a strong support line.
This same level overlaps the middle band of the descending channel, creating a technical double support area.
Retest period following the breakout observed on the RSI is nearing completion. This structure indicates that the overall upward trend remains valid and that the pair may be preparing for a new acceleration.
It's beneficial to focus on the bigger picture without being distracted by short term fluctuations.
Technically, Floki is still trading within an uptrend.
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