$FOLKS /USDT: Bullish Consolidation Before the Next Leg? 🚀📈
FOLKS / USDT - LONG (Scalp)
Trade Plan:
Entry Range: $1.116 – $1.140
Stop Loss (SL): $1.080 (Below the 1H MA 25)
TP1: $1.188 (Previous 24h High)
TP2: $1.250
TP3: $1.320+
Why this setup?
Strong Recovery: FOLKS is up +21.95%, currently trading at $1.139 after a sharp bounce from the $0.896 local bottom.
MA Support: On the 1H chart, the price is holding firmly above the MA(7) ($1.116), MA(25) ($1.084), and MA(99) ($1.039). This indicates a healthy bullish trend.
Bullish Structure: The price is forming higher lows, and a break above the $1.188 resistance would confirm a parabolic continuation.
Debate: FOLKS is showing great resilience at these levels. Do you think we’ll see a breakout above $1.20 today, or will it consolidate longer between the MA 7 and MA 25? Share your technical reasoning!
TRADE 👇
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