$FLOKI 🚀 FLOKI/USDT – Critical Support Zone Analysis 🚀
🔍 Weekly Timeframe Insights
FLOKI is testing a critical support level amidst increasing selling pressure. Is a reversal on the horizon or will a deeper correction follow? Let's break it down! 📉📊
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📊 Market Snapshot
Current Price: 0.00009616 USDT
Major Resistance: 0.00015372 USDT
Strong Support: 0.00009000 USDT
Trend: Bearish but potentially oversold, indicating a possible rebound
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📈 Technical Indicators
RSI: 40.03 (Near oversold, suggesting a potential bounce)
ADX: 26.79 (Bearish momentum remains strong)
DMI: Bears (23.42) vs. Bulls (16.60) ❌
Volume: 544.73B (Increasing—watch for reaction)
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🎯 Trade Scenarios
✅ Bullish Setup (If Support Holds Above 0.00009000 USDT)
Buy Entry Zone: 0.00009500 - 0.00010000 USDT (Confirmation required)
Target 1: 0.00012500 USDT
Target 2: 0.00015372 USDT
Stop Loss: 0.00008800 USDT
Risk-Reward: Favorable for a recovery trade
⚠️ Bearish Setup (If Support Fails Below 0.00009000 USDT)
Sell/Short Entry: Below 0.00008900 USDT
Target 1: 0.00007500 USDT
Target 2: 0.00006000 USDT
Stop Loss: 0.00009700 USDT
Risk-Reward: Downside potential in the short term
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🔥 Key Insights & Strategy
Support Test: FLOKI is at a critical historical level, and a rebound remains possible.
Risk Alert: A breakdown below 0.00009000 could trigger further losses.
Volume Watch: Wait for confirmation before entering long or short positions.
Oversold Signals: RSI suggests a possible reversal.
Is this the beginning of FLOKI's bounce back or a deeper correction? Share your thoughts below! 👇
⚠️ Disclaimer: This is not financial advice. Conduct thorough research before investing.
