$FLORK — 1H Market View
📉 Bias: Bearish
Price is trading at $0.008628, below the MA(7), MA(25) and MA(99), showing short-term weakness. The recent sell-off is approaching the key support around $0.0083528143.
🔑 Key Support: $0.0083528143
👀 Setup: Watch for a clear reaction and retest confirmation around support.
⚠️ Invalidation: A decisive break below $0.0083528143 would weaken the current support thesis further.
My view: Momentum remains bearish for now. I would avoid forcing an entry and wait for confirmation before taking a position.
#FLORK #Crypto #Binance #TechnicalAnalysis #Trading
📉 Bias: Bearish
Price is trading at $0.008628, below the MA(7), MA(25) and MA(99), showing short-term weakness. The recent sell-off is approaching the key support around $0.0083528143.
🔑 Key Support: $0.0083528143
👀 Setup: Watch for a clear reaction and retest confirmation around support.
⚠️ Invalidation: A decisive break below $0.0083528143 would weaken the current support thesis further.
My view: Momentum remains bearish for now. I would avoid forcing an entry and wait for confirmation before taking a position.
#FLORK #Crypto #Binance #TechnicalAnalysis #Trading
