$FLOKI /USDT BEARISH — BREAKDOWN FROM SUPPORT POINTS SIGNALS DOWNSIDE RISK

Immediate Market Move Explanation:

$FLOKI is showing signs of weakness, recently breaking below its key support around $0.00010138. The RSI has dropped toward oversold territory and MACD has given a bearish crossover, all reinforcing the bearish bias. Bollinger Bands are expanded, pointing to elevated volatility, but without strong buy-side volume to push a rebound.

Trade Setup:

Position: Short

Entry Zone: ~$0.0001010 – $0.0001015 (after supporting trend fails or retest of support turned resistance)

Take Profit (TP):

TP1: $0.00009655

TP2: $0.00009400

Stop Loss (SL): ~$0.0001028 (above broken support / resistance level)

Market Outlook:

In the short term, FLOKI looks vulnerable. If the current structure holds, we can see a continuation of the downtrend with possible retests of lower support zones. However, watch for any signs of bullish divergence in RSI or a recovery in volume—those could signal a bounce. On longer timeframes, unless FLOKI reclaims key resistance and holds above its moving averages, it’s likely to remain under pressure.

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