The price of FLOKI/USDT is currently testing the significant support level at 11150, a level that has previously acted as a strong foundation for bullish rebounds. This area presents an attractive buying opportunity with a favorable risk-to-reward ratio of 4:1, targeting the next major resistance at 17699.
A successful bounce from this support could see a move toward 17699, providing solid profit potential. Traders should keep a close eye on 11150; holding above this level strengthens the bullish case, while a breakdown could lead to further downside.
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