Sell FLOKI/USDT – 1H – SELL

The currency pair jumps from the bullish trendline down.

A bearish descent downwards to the next support line at 0.000148090 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.000161060 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.00014373198 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.000161060 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Support & Resistance Price Range*
3rd High 0.000169170
2nd High 0.000163830
Next High 0.000161060
Current Price 0.000149660
Next Low 0.000148090
2nd Low 0.000138260
3rd Low 0.000132230

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