$FLOKI has broken below its key support at $0.00010138, signaling weakness.
RSI is moving toward oversold territory.
MACD shows a bearish crossover.
Bollinger Bands are widened, reflecting high volatility, but without strong buying volume to support a rebound.
📉 Trade Setup
Position: Short
Entry Zone: ~$0.0001010 – $0.0001015 (after breakdown or retest of broken support as 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 to further downside. A continuation of the downtrend is likely, with possible retests of lower support zones.
However, watch for:
Bullish divergence on RSI
Volume recovery
Both could signal a short-term bounce.
On higher timeframes, unless FLOKI reclaims major resistance and sustains above its moving averages, pressure is expected to continue.
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#FLOKI #CryptoAnalysis #BearishTrend #ShortSetup #RiskManagement
