🔥 $FOLKS Strong Uptrend, but showing signs of potential short-term exhaustion near the Bollinger Upper Band.
Prepare for Potential Pullback. The primary trend is unambiguously bullish (MA alignment, strong MACD, massive capital inflows). However, the confluence of price at the Bollinger upper band and severely overbought RSI levels on short timeframes creates a high probability of a near-term pullback or consolidation before the next leg up. An aggressive trader might look for a long entry on a dip, while a conservative one would wait for the overbought condition to ease.
Entry long $FOLKS : pullback and hold previous consolidation support near 0.90-1.00 confirming trend strength.
Stop-Loss: around 0.865
Target Price $FOLKS : 1.13-1.22
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FOLKSUSDT
دائم
1.407
+7.40%