🚨 $LOKA

USDT – BEARS DOMINATE BUT RELIEF BOUNCE INCOMING? 🔻📈

$LOKA has faced heavy selling pressure, down 7% today, and is currently trading at $0.0516. However, a minor bullish rejection wick hints at a potential short-term relief bounce.

🔑 Key Levels:

Resistance: $0.0530 and major at $0.0550

Support: Immediate at $0.0504 (24h low), extended support near $0.0485

📊 Trade Setup (Short-term Long Bounce):

Entry: $0.0510 – $0.0515

Targets:

TP1: $0.0525

TP2: $0.0535

Stop Loss: $0.0502 (below local low)

💡 Market Outlook:

The dominant trend remains bearish, but the current oversold rejection near $0.0504 could trigger a small bounce before further downside. Major resistance remains unbroken; aggressive traders may scalp longs cautiously.

⚠️ Risk Management:

Trade with only 0.5-1% capital risk, as overall market sentiment is bearish. Protect capital – scalp quickly and exit if momentum fades.

👇 Are you catching this small bounce or waiting for the next dump? Comment your strategy below!

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buy and trade here on $LOKA