Trading Signal $FLOKI

The stock is experiencing stability after a sharp rise, currently showing signs of distribution near the resistance level. A short-term corrective move seems likely based on the current price structure.

Trade Type: Sell

Entry Area: $0.0002450 - $0.0002500

Stop Loss: $0.0002595

Profit Taking Targets:

• First Profit Target: $0.0002320

• Second Profit Target: $0.0002200

• Third Profit Target: $0.0002050

Market Overview:

The recent failure to break the resistance level at $0.0002550 has formed a potential lower high, indicating weakness in the market. Trading volume is fading with the rises, and the divergence in the Relative Strength Index suggests a potential correction. This setup favors a short-term decline before any new bullish momentum can accumulate.

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