#ReboundRally Technical analysis of FLOKI coin (current price: $0.000177)

1. Support and resistance analysis:

- Support area:

The nearest support level is in the range of **$0.00017 - $0.000175**, where the price may stabilize if it decreases.

- Resistance area:

A strong resistance level is expected around **$0.000185 - $0.00019**, where the price may face significant selling pressure.

2. Trading strategy:

Buy price area (Entry):

- Consider opening a buy order in the support zone **$0.00017 - $0.000175**, ideally to optimize risk.

#### **Sell price area (Take profit or Short):**

- Consider selling when the price reaches **$0.000185 - $0.00019**, a strong resistance area.

- If there are signs of breaking resistance, consider holding on to take advantage of the upward trend.

3. TP (Take Profit) and SL (Stop Loss) settings:

- Take profit (TP):

- Target 1 (TP1):** $0.000185 (near the first resistance area).

- Target 2 (TP2):** $0.00019 (strong resistance level).

- Stop loss (SL):

- Set Stop Loss at **$0.000165**, below the support area to minimize risk when the market breaks the support.

4. Note:

- The cryptocurrency market is highly volatile, requiring strict capital management and not trading with funds you cannot afford to lose.

- Always stay updated on market developments and technical indicators such as RSI, MACD, or volume to confirm trends.

- The information above is for reference only and should not be considered as investment advice. Please consider carefully before trading#FLOKI #BTC $BTC #ReboundRally