🔻 $FLOKI
/TRY – SELLERS GAIN TRACTION AS BULLS LOSE STEAM
$FLOKI/TRY is showing signs of exhaustion after a mild bounce, currently trading at 0.002968 TRY ($0.00007446) with a +1.33% daily change. Despite minor intraday strength, the pair faces strong resistance and may resume its downward trend if key levels break.
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🔑 Key Levels
Resistance: 0.003016 – 0.003049
Support: 0.002910 (immediate), then 0.002885
Current Price: 0.002968 TRY
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📉 Trade Setup (Short)
Entry Zone: 0.002960 – 0.002985
Take Profit 1: 0.002910
Take Profit 2: 0.002885
Stop Loss: 0.003050
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💡 Market Outlook
Price is forming lower highs and showing weak follow-through above 0.0030.
Volume on the bounce appears decreasing, while the moving averages MA(5) and MA(10) remain elevated, suggesting room for a pullback.
If 0.002910 breaks decisively, it could trigger a liquidity sweep down to 0.002885 or lower.
This setup favors short-term traders targeting quick downside moves amid fading upside pressure.
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⚠️ Risk Management
Limit risk to 2-3% of portfolio per trade
Only enter short after confirmation candle close below 0.002960
Watch for sudden spikes — this is a low-cap, high-volume meme token, prone to volatility