🎯 $FOLKS – TEXTBOOK BREAKOUT RETEST IN PLAY

Price action shows a clean structural breakout from the 1.440–1.470 resistance zone after multiple touches. Current pullback is respecting prior resistance as support, setting up for the next leg higher.

Trading Plan LONG: FOLKS

Entry: 1.465 – 1.478

Stop-Loss: 1.438

TP1: 1.520

TP2: 1.580

TP3: 1.650

Technical Breakdown:

🔸 Structure: Clear breakout above 1.470 resistance after three successive touches

🔸 Retest in Progress: Price pulling back to broken resistance (now support) at 1.465–1.475

🔸 Momentum: RSI cooling from 62 to neutral 49 – reset before next expansion

🔸 Higher Timeframe: 1H/4H structure bullish with higher lows established

The consolidation phase between 1.400–1.470 built significant liquidity. The breakout candle absorbed sell-side orders, and current pullback shows diminishing selling pressure. This is the low-risk entry every trader waits for – the "breakout retest" setup.

Invalidation only below 1.438, which would indicate false breakout. Otherwise, path of least resistance remains upward toward 1.650.

Click and Trade $FOLKS here 👇

[Link]

#FOLKSRun #CryptoTrends2024 #BreakoutSetup #LongSignal #TechnicalAnalysis