Technical Analysis for $FLOKI /USDT:

Current Price: The current price is around $0.00012213.

Support Level: The closest support is around $0.00012100 (marked by the lower purple zone). This level represents a key area where buyers may step in to prevent further downward movement.

Resistance Level (TP1): The immediate resistance and potential take-profit level (TP1) is around $0.00012400 (upper purple zone). This is a key resistance level, which, if broken, can indicate further bullish momentum.

Breakdown and Retest: The chart indicates a breakdown below a previous support, followed by a retest of that zone. If the price fails to close above $0.00012400, it could result in another downward move.

Trade Plan:

Long Entry:

Consider entering a long position if the price successfully breaks and holds above $0.00012250, with confirmation of increased buying pressure.Target Price 1 (TP1): Aim for $0.00012400 as the first profit target.Target Price 2 (TP2): If momentum continues, the next resistance is around $0.00012637 (highlighted in red), which can be the secondary profit-taking zone.

Stop Loss:

Place a stop loss below $0.00012100 to protect against downside risk.

This strategy offers a potential upside towards $0.00012400 and possibly $0.00012637, with controlled risk.

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