Technical Analysis for $FLOKI /USDT:

Current Price: 0.00023647 (+2.62%)

Support Levels:

Primary Support: 0.00022442 (recent 24h low)

Secondary Support: 0.00022000 (psychological level and previous support zone)

Resistance Levels:

Primary Resistance: 0.00024145 (24h high)

Secondary Resistance: 0.00024500 (previous resistance level)

Trend: Bullish momentum with a slight upward bias, supported by the +2.62% gain in the last 24 hours.

RSI (Relative Strength Index): Neutral (RSI around 55-60), indicating the asset is not overbought or oversold.

MACD: The MACD line is above the signal line, showing positive momentum in the short term.

Volume: Healthy trading volume with FLOKI volume at 409.84B, indicating strong market participation.

Trade Signals:

1. Entry Point (Buy):

Buy Signal: Enter the trade around 0.00023647 (current price) with a stop loss at 0.00022442.

2. First Target (T1):

Target 1: Set the first target at 0.00024500 (secondary resistance level).

Expected Move: A moderate upward move from the current price.

3. Second Target (T2):

Target 2: Set the second target at 0.00025000 (psychological level and resistance zone).

Expected Move: Continuation of bullish momentum, with the price targeting a round number.

4. Third Target (T3):

Target 3: Set the third target at 0.00026000 (previous highs and strong resistance level).

Expected Move: A longer-term goal if the bullish momentum persists.

Momentum Overview:

Trade Momentum: Bullish in the short term, driven by positive price action and volume. The price has recently broken through the 24-hour high, indicating a possible continuation of the bullish trend.

Caution: Monitor for any sudden reversals as the RSI is approaching neutral territory, and the price might face resistance around the 0.00024500–0.00025000 zone.

Stop Loss & Risk Management:

Stop Loss: Set a stop loss around 0.00022442 to limit downside risk in case of a price pullback.

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