$FLOKI /USDT trading pair is experiencing a strong bullish trend, with a 7.01% increase in the last 24 hours. The current price is $0.00024958.
Technical Analysis💰
Technical indicators show a bullish signal, with the 7-day EMA ($0.00024045) above the 25-day EMA ($0.00023673). The RSI (14) is at 64.21, indicating a neutral market condition.
Key Levels#Keylevels
Resistance: $0.00025438
Support: $0.00022155
Trade Setups #TraderEducation
♟️Long Position: Entry at $0.00024958, target at $0.00025288 (1.3% profit), and stop-loss at $0.00023250 (6.9% loss).
♟️ Short Position: Entry at $0.00024958, target at $0.00024343 (2.4% profit), and stop-loss at $0.00025438 (2.0% loss).
Calculation🚨
Risk-Reward Ratio (Long): 1:0.19 (6.9% risk, 1.3% potential profit)
Risk-Reward Ratio (Short): 1:1.20 (2.0% risk, 2.4% potential profit)
Position Size: 2.5% of total portfolio value
Conclusion♻️
The FLOKI/USDT trading pair is experiencing a strong bullish trend. Long positions can be considered at the current price, with a target at $0.00025288. However, the risk-reward ratio is not favorable, and traders should exercise caution.
