Dear traders,
If you are looking for a scalp analysis for the LOKA/USDT pair, then you have come to the right place. In this article, we will be presenting a detailed analysis of the pair, which is currently trading at $5524.
The LOKA/USDT pair is currently trading in a parallel channel and has already broken out of its resistance level. Our recommended entry point for this trade is $0.5744, with targets set at $0.6246, $0.6735, $0.7429, and $8335. To minimize risk, we advise placing a stop-loss order at $0.5290 once the entry point is reached.
It is essential to keep a close eye on the chart and wait for the price to hit our entry-level before buying. We strongly advise against jumping in right now and waiting for the entry point to be reached.
In terms of support and resistance, the support level for the LOKA/USDT pair is $0.54, while the resistance level is $0.57.
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In summary, the LOKA/USDT pair is currently trading in a parallel channel and has already broken out of its resistance level. Our recommended entry point is $0.5744, with targets set at $0.6246, $0.6735, $0.7429, and $8335. To minimize risk, we advise placing a stop-loss order at $0.5290 once the entry point is reached. We strongly advise waiting for the entry point to be reached and keeping a close eye on the chart. Thank you for your attention, and happy trading!
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