$LOKA

USDT BEARISH REVERSAL – BULLS LOSING CONTROL?

$LOKAUSDT showed a strong upward spike but faced immediate rejection near its intraday high, forming a bearish structure on the 1H chart indicating potential downside continuation if support fails.

🔑 Key Levels:

Support: $0.0515

Resistance: $0.0580

Current Price: $0.0537

📉 Trade Setup (SHORT):

Entry Zone: $0.0535 – $0.0540

Targets (TP):

TP1: $0.0520

TP2: $0.0515

TP3: $0.0500

Stop Loss (SL): $0.0555

📊 Market Outlook:

After the recent impulsive move, LOKA failed to hold higher levels, showing consecutive bearish candles and rejection wicks from the top. If the price breaks below $0.0515 support, further downside can be expected.

⚠️ Risk Management:

Ensure to place a tight SL above resistance, risking only 1-2% of total capital per trade to manage volatility and protect your trading account.

💬 Comment “💥” if you see this short setup playing out today!

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buy and trade here on $LOKA