$FLORK — Technical Market View 📊
Bias: Bearish
FLORK remains in a clear 1D downtrend, with price at $0.0096137 trading below the MA(7) at $0.0120103. Recent candles show a weak rebound, but there is not yet enough confirmation for a bullish reversal.
🔑 Key Support: $0.0062960660
⚠️ Key Resistance: $0.0132806298
📌 Current Price: $0.0096137
My view: The bearish structure remains dominant while price stays below the resistance area. A sustained break and hold above resistance would improve the reversal case. Until then, caution and confirmation are preferred over chasing a long position.
#FLORK #Crypto #Binance #TechnicalAnalysis #Trading
Bias: Bearish
FLORK remains in a clear 1D downtrend, with price at $0.0096137 trading below the MA(7) at $0.0120103. Recent candles show a weak rebound, but there is not yet enough confirmation for a bullish reversal.
🔑 Key Support: $0.0062960660
⚠️ Key Resistance: $0.0132806298
📌 Current Price: $0.0096137
My view: The bearish structure remains dominant while price stays below the resistance area. A sustained break and hold above resistance would improve the reversal case. Until then, caution and confirmation are preferred over chasing a long position.
#FLORK #Crypto #Binance #TechnicalAnalysis #Trading
