$FLOCK is in a clear short-term downtrend after continuous lower highs and strong selling pressure. Price has reached an intraday support area and is slowing down, which may lead to a small relief bounce, but overall structure is still weak.

Market Structure:

Strong bearish trend

Lower highs and lower lows

Support test in progress

Buy Zone

0.0880 – 0.0855

This is the current demand zone where price is attempting to stabilize.

Targets

Target 1: 0.0940

Target 2: 0.0995

Target 3: 0.1050

Targets are conservative because trend remains bearish.

Stop Loss

0.0835

A break below this level confirms further downside.

Trading Notes

This is a counter-trend bounce setup

Avoid high leverage

Wait for price to hold support before entry

Best suited for short-term trades only

Final View

FLOCK is weak and under selling pressure. A short-term bounce is possible from current support, but the overall trend remains bearish. Trade carefully with strict risk control and do not chase price.#BinanceBlockchainWeek #USJobsData