LOKAUSDT trade ideas
LOKA/USDT: Bearish Headway or Reversal Play?💎 Paradisers, let's take a closer look at LOKA/USDT. It's shaping up a head and shoulder pattern on the 1-hour chart. Historically, I've noticed this pattern doesn't always pan out at lows. But, given the overarching bearish mood in the crypto realm, our odds seem to tilt towards the bears. Plus, LOKA/USDT has Brokedown a support zone, which might act as a resistance now.
💎 If LOKA/USDT breakdown the demand and neckline threshold of 0.1974, it could signal a bearish trajectory. What's on our radar? Potential descents to demand zones at 0.1916 and possibly even 0.1849. However, a word of caution: if the price ascends beyond the right shoulder, especially surpassing the 0.2052 mark, this pattern might be off the table.
💎Navigate with care and stay ahead, ParadiseSquad!
