1000FLOKI/USDT Analysis – Descending Triangle Pattern


Key Levels to Watch👀

Resistance:🥶

$0.24200 (triangle peak).Descending trendline (dynamic resistance).

Support:👍

$0.16800 (triangle base, critical horizontal support).$0.14000 (major support below, in case of breakdown).

Momentum Check (RSI)

RSI is neutral but tilting downward.

A dip below 30 (oversold) could coincide with a breakdown.

Watch for divergence; price falling but RSI holding might signal a reversal.



Scenarios to Consider

Bearish Scenario 🔻:

Trigger: Break below $0.16800.Target: $0.14000 and potentially lower.
Stop-Loss: Above $0.17000.

Bullish Scenario 🚀:

Trigger: Bounce from $0.16800 or breakout above trendline.

Target: $0.24200 and beyond.

Stop-Loss: Below $0.16500.

What’s your take on 1000FLOKI/USDT’s next move?

Share your strategies! $FLOKI

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