LOKA /USDT potential upward move? 👀 🚀LOKA today analysis

4 de out. de 2023

💎Paradisers take note! LOKAUSDT! We're observing a promising trajectory as it trades confidently within a demand zone and notably above the EMA200, hinting at a potential bullish shift.

💎 A look back reveals that LeagueofKingdomsArena broke free from its descending channel, embarking on a bullish journey. However, it faced rejection at the 0.2402 resistance level. Currently, after bouncing back from the demand zone, it seems primed to soar towards our anticipated resistance level.

💎 The fact that the price is comfortably positioned above the EMA200 is a positive sign. If LOKA sustains this momentum above the EMA, we're optimistic about a bullish surge on the horizon.

💎 However, should the price dip below the EMA200 and the demand zone, be prepared for a potential retest of the robust daily support.

💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!