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FLOKI gains 173% in 2 days: Should you start profit-taking?

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FLOKI has gained 350% in the past ten days and 170% in March, and more could follow even though the market conditions are overheated.

witnessed a downtrend in December and January, but the market structure shifted bullishly on the one-day timeframe on the 20th of January. This saw the

The RSI on the 12-hour chart went to 91 on the 2nd of March. The closest to this value was 87.1 the meme coin registered in the second half of October last year.A retracement, while inevitable, need not arrive immediately. Hence, shorting the token remains a risky option.The active addresses count shot higher over the past couple of days as prices appreciated rapidly. However, the dormant circulation also had a large spike.

 

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