FLOKI/USDT is in a short-term downtrend, reflecting an imbalance between supply and demand in the market. Meme coins like FLOKI often present significant opportunities for patient investors who can capitalize on low price levels for accumulation. However, risk management and avoiding FOMO mindset are key factors for success in this highly volatile environment.

The current price of FLOKI/USDT is 0.00017023, down 2.55% in the past 24 hours. The highest price of the day reached 0.00017950, while the lowest price is 0.00016994. Major resistance is at 0.00017432 (Bollinger Band average) and 0.00017921 (upper band). Important support is at 0.00016943; if broken, the price may test the lower region at 0.00016852. RSI is currently at 20.22, falling into the oversold region, indicating that selling pressure is dominant but a short-term recovery may occur. MACD remains negative, confirming the downtrend shows no signs of ending.

The recommended trading strategy is to buy around the support level of 0.00016943, while avoiding large purchases at once. The profit-taking target is at 0.00017432 or higher if the market recovers. Set a stop-loss below the 0.00016900 level to minimize risk if the price continues to decline further.

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