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📉 Coin Alert: #FLOKI🔥
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After scrutinizing FLOKI's 30-minute timeframe, it seems to be shaping a descending channel pattern. Breaking out of the resistance line within this channel indicates a bearish trend for FLOKI.
For potential trade execution, consider entry points at either 0.00023946 or the current market price. The primary take profit (TP) level stands at 0.00023573, with the secondary TP level set at 0.00023048. To mitigate risk, position a stop loss (SL) at 0.00024957.
This trading approach involves entering the market or placing an order at the designated entry price. The initial TP level serves as the first profit target, while the secondary TP level acts as an additional goal. Meanwhile, the stop loss acts as a safeguard against potential losses if the trade deviates from projections.
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