LOKA/USDT – Breakout WatchLOKA has broken out of a descending channel on the 1H chart, showing early signs of bullish momentum. The price has breached the upper boundary of the falling structure, supported by strong volume and clean trend confirmation.
Support Levels:
$0.05293 (recent breakout level)
$0.04474 (range low support)
Resistance / Target Levels:
$0.06104
$0.06732
$0.07253
Stoploss: Below $0.050 to protect against false breakout
Trade Idea:
Entry on retest near $0.053–$0.054 for a safer risk-reward setup.
Targets align with previous horizontal resistances and Fibonacci levels.
LOKA looks poised for a potential trend reversal if the momentum sustains above the channel. A break and hold above $0.061 would open room for higher targets.
As always, risk management is key.
Not financial advice – DYOR.
