🚨 EXCITING UPDATE! 🚨
📉 Coin Name: #FLOKI🔥
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Based on the analysis of the 30-minute time frame for FLOKI, it appears to be forming a descending channel pattern. The breakout of the resistance line within this channel suggests a bearish outlook for FLOKI.
For a potential trade setup, the entry can be considered at either 0.00023946 or at the market price. The first take profit (TP) level is set at 0.00023573, followed by the second TP level at 0.00023048. To manage risk, a stop loss (SL) is placed at 0.00024957.
This trade strategy involves entering the market or setting an order at the specified entry price. The first TP level represents the initial target for profit-taking, while the second TP level serves as a secondary target. Meanwhile, the stop loss is employed to limit potential losses in case the trade moves against expectations.
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