$TKO is trading at $0.1962 USDT, reflecting an increase of 0.1649% compared to the previous closing level. The daily price range has fluctuated between $0.1657 and $0.1976, indicating moderate volatility.

📈 Trading Idea

Based on the current price, traders may consider opening a long position if TKO holds support above $0.1730. This support aligns with recent lows and could serve as a foundation for potential upward movement. The initial target could be the resistance level of $0.2074, with further upside potential to $0.2342 if bullish momentum continues.

🚨 Stop Loss Strategy

To effectively manage risk, a stop loss should be set around $0.1670. This level corresponds to a previous support zone, and if broken below, it could indicate a further downward trend. Implementing this stop loss helps protect against sharp declines while still allowing room for potential gains.

⚠️ Risk Considerations

The cryptocurrency market is inherently volatile, and TKO's recent price movement may be influenced by broader market trends and investor sentiment. Monitoring market conditions and adjusting trading strategies is crucial.