$FOLKS — Exhaustion Short Setup 🎈❗
FOLKSUSDT Perp: 1.455 (+22.06%)
Parabolic expansion → sharp rejection at the highs.
Momentum looks stretched. Cooldown phase likely loading.
After a vertical push, price is showing signs of exhaustion. Wicks at the top + slowing continuation = distribution risk.
🔴 Trade Plan — Short Bias
🎯 Entry: 1.42 – 1.448
▫️ TP1: 1.34
▫️ TP2: 1.26
▫️ TP3: 1.18
🛑 Stop Loss: 1.60
If sellers maintain pressure below 1.45, downside liquidity sits stacked at 1.34 first. A break there opens the door toward 1.26 and potentially 1.18 as the move unwinds.
Parabolic moves don’t drift — they correct sharply.
Defined risk. Structured targets. Tactical entry.
Trade smart. Manage leverage. Let the cooldown play out. 🎯
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