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FLOKI / TetherUS
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SHORT IDEA HEAD AND SHOULDERS

Floki has already broken down from a HS pattern and is now back for the retest. The daily 200ma is a good invalidation entry on the short and is testing the lower time frame bearish HS structure it originally broke down from. Daily closes over the 200ma invalidate. Could be a good bearish trend trade.
Nota
After looking at this more closely, I need more information when it reaches that zone. The measured move of this break takes it back up to the macro highs. Could short squeeze. Careful.
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Chart PatternsTrend Analysis
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