🔷 LOKA/USDT
Date: December 21, 2024 (UTC Time)
Time Frame: 30-Minute Chart
🟩 Long/Short?
• Long is the clear option. The coin has recently shown an upward trend, gaining 5.28% over the last 24 hours and breaking through key resistance.
♻️ Leverage:
• 2x-3x leverage is ideal given the current bullish momentum and manageable risk profile.
👉 Entry:
• 0.2354 USDT – Enter the market around this price point, which aligns with the current support and bullish breakout.
🎯 Target:
• 0.2416 USDT – First resistance target, aligning with the recent 24h high.
• 0.2450 USDT – Secondary resistance if the price continues to climb.
• 0.2500 USDT – A longer-term target if the trend remains strong.
📉 Support Levels:
• 0.2236 USDT – The low for today and a key support level to watch for potential pullbacks.
• 0.2224 USDT – Secondary support in case of a deeper retracement.
⛔ Stop Loss:
• 0.2220 USDT – Below this level, the bullish momentum might be at risk, and the price could continue to fall.
⚖️ Market Sentiment:
• Long Bias: 55.61% Long
• Short Bias: 44.39% Short
• The sentiment slightly favors long positions, with a significant portion of the market holding short positions as well.