$FLOKI /USDT – Relief Bounce or Trap? Bearish Momentum Persists!
FLOKI is still in a strong downtrend, despite a tiny relief candle. Current price: $0.00006413 (-8.22%) – bears are firmly in control.
Market Structure:
Clean lower highs and lower lows
Temporary pause in the drop, but no real reversal signs
Bounce likely to be short-lived as sellers dominate
Key Levels:
Resistance: $0.00006650
Support: $0.00006300, then $0.00006000
Trade Setup:
Entry: Below $0.00006400 for continuation confirmation
Targets:
TP1: $0.00006300
TP2: $0.00006050
TP3: $0.00005800
Stop Loss: Above $0.00006680
Pro Tip: Don’t fall for the small green candles. They often trap longs before another flush. Confirm with volume—low volume bounce = short trap.
Momentum favors the downside. FLOKI isn’t done bleeding yet – shorters, get ready!
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