$LOKA 💯🔥

/USDT Technical Analysis – Bearish Reversal in Play 🔻

$LOKA is facing downward pressure, currently trading around $0.0565, after failing to hold above the $0.0603 resistance zone. With decreasing momentum and volume divergence, the chart is signaling a potential correction.

Bearish Indicators:

MACD is weakening and heading for a bearish crossover.

RSI is dropping from overbought territory, indicating seller strength.

SAR dots have appeared above the candles — a bearish confirmation.

Bollinger Bands tightening — signaling a potential move downward.

Trade Setup (Short):

Entry Zone: $0.0560 – $0.0578

Target 1 🎯: $0.0534 (previous support)

Target 2 🎯: $0.0509 (24h low)

Stop Loss: $0.0603 (above resistance)

Trend: Bearish

Resistance Levels: $0.0578 / $0.0603

Support Levels: $0.0534 / $0.0509

A breakdown below $0.0550 may confirm extended downside. Keep an eye on volume and RSI for stronger confirmation