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:
Buying price area (Entry):
- Consider opening a buy order in the support area **$0.00017 - $0.000175**, ideally to optimize risk.
#### **Selling 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 continuing to hold to take advantage of the uptrend.
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 support.
4. Note:
- The cryptocurrency market is highly volatile, strict capital management is needed, and do not trade with funds you cannot afford to lose.
- Always update 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
