$LOKA /USDT ā ATTEMPTING A REVERSAL AFTER HEAVY FALL š
$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 ā but major moving averages still hover overhead as resistance.
Technical Overview:
š¢ Bounce from oversold levels at $0.0477
š” MA-7 crossed above price, short-term support at $0.0522
š“ Resistance ahead at MA-25 ($0.0545) & MA-99 ($0.0574)
š¹ļø 24H Range: $0.0497 ā $0.0534
Trade Plan:
š¹ Short-Term Long Setup:
Entry: $0.0510 ā $0.0520
TP1: $0.0545 (MA-25)
TP2: $0.0570 (MA-99)
SL: $0.0490
š¹ Caution: Failing to flip $0.0545 into support may trap late buyers. Wait for candle confirmation.
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