$LOKA /USDT BULLISH SPIKE IN GAMING TOKEN — EYEING BREAKOUT ABOVE LOCAL RESISTANCE!
Technical Analysis:
The pair $LOKA /USDT is currently trading at $0.0550, showing a +6.59% gain in the last 24 hours with strong volume support (20.07M LOKA). This move signals a bullish continuation as the price attempts to reclaim key resistance levels.
Key Levels:
Immediate Resistance: $0.0560
Major Resistance: $0.0600
Current Price: $0.0550
Immediate Support: $0.0520
Major Support: $0.0510
Price is consolidating near resistance, and a clean break above $0.0560 could open the doors for a move toward the next major resistance zone.
Trade Setup (Long):
Entry Zone: $0.0535 – $0.0550
Take Profit Targets:
TP1: $0.0565
TP2: $0.0595
TP3: $0.0620 (if volume sustains)
Stop Loss: $0.0505 (below major support)
Market Outlook:
$LOKA/USDT has regained bullish momentum backed by strong trading activity. The gaming sector is catching attention again, and LOKA seems to be leading the short-term gainers list. If bulls hold above $0.0520, further upside potential is likely in the coming sessions.
Risk Management:
Stick to 1-2% capital risk per trade. Adjust SL to breakeven after first target is hit. Avoid chasing after pumps—wait for clear entries near support zones.
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