$LOKA /USDT BEARISH BREAKDOWN IN PROGRESS ๐จ๐
LOKA is down -7.83%, currently trading at $0.0506, hovering just above key support after failing to hold the $0.0530 level โ signaling further downside pressure.
๐ KEY LEVELS:
Resistance: $0.0525 / $0.0550
Support: $0.0500 / $0.0480
Current Price: $0.0506
๐ TECHNICAL OUTLOOK:
LOKA has printed a clear lower high and is now testing support near $0.0500. A break below this level could lead to sharp downside continuation, especially with increased selling volume.
๐ฅ TRADE SETUP โ SHORT ENTRY
Entry: $0.0505 โ $0.0515
TP1: $0.0485
TP2: $0.0460
SL: $0.0535
๐ก๏ธ RISK MANAGEMENT:
Risk only 1โ2% of total capital. Stick to stop-loss to manage volatility and preserve capital.
โ ๏ธ Downtrend is active โ wait for confirmation and execute with precision! ๐งจ
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