$FLOCK is bouncing from its lows, but is this the start of a real recovery?
After a prolonged decline from $0.0976, FLOCK has found some buyers around $0.03458 and is now trading near $0.0386.
The bounce is a welcome change, but the daily trend still needs confirmation. Supertrend remains bearish at $0.04741.
Key levels to watch:
Support: $0.0355 to $0.0346
Resistance: $0.0453
Trend reversal zone: $0.0474
A reclaim of $0.0474 could give buyers a stronger recovery setup. Until then, this remains a relief bounce within a broader downtrend.
Good to see buyers stepping in, but the next resistance will tell us how much strength is really behind this move.
#Write2Earn #Flock
After a prolonged decline from $0.0976, FLOCK has found some buyers around $0.03458 and is now trading near $0.0386.
The bounce is a welcome change, but the daily trend still needs confirmation. Supertrend remains bearish at $0.04741.
Key levels to watch:
Support: $0.0355 to $0.0346
Resistance: $0.0453
Trend reversal zone: $0.0474
A reclaim of $0.0474 could give buyers a stronger recovery setup. Until then, this remains a relief bounce within a broader downtrend.
Good to see buyers stepping in, but the next resistance will tell us how much strength is really behind this move.
#Write2Earn #Flock
