$LOKA /USDT – ATTEMPTING A REVERSAL AFTER HEAVY FALL šŸ”„

$LOKA is showing early signs of recovery after a sharp decline from $0.0616 to a recent low of $0.0477. Now trading at $0.0524 (+4.38%), bulls are trying to reclaim ground — but major moving averages still hover overhead as resistance.

Technical Overview:

🟢 Bounce from oversold levels at $0.0477

🟔 MA-7 crossed above price, short-term support at $0.0522

šŸ”“ Resistance ahead at MA-25 ($0.0545) & MA-99 ($0.0574)

šŸ•¹ļø 24H Range: $0.0497 – $0.0534

Trade Plan:

šŸ”¹ Short-Term Long Setup:

Entry: $0.0510 – $0.0520

TP1: $0.0545 (MA-25)

TP2: $0.0570 (MA-99)

SL: $0.0490

šŸ”¹ Caution: Failing to flip $0.0545 into support may trap late buyers. Wait for candle confirmation.

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