⚠️ **Strong Rejection After Impulsive Pump – Possible Local Top** 📉
After a sharp bullish impulse, **$FOLKS ** is starting to show signs of exhaustion. The latest candles indicate rejection near resistance, suggesting that a short-term pullback may be forming.
**Trade Setup (SHORT) 👇**
🔻 **Entry Zone:**
$1.24 – $1.27
🛑 **Stop Loss:**
$1.31
🎯 **Take Profit Targets:**
TP1: $1.18
TP2: $1.14
TP3: $1.10
**Why this setup?**
📉 Price made a strong upward move but is now showing **rejection with upper wicks near resistance**, which often signals that buyers are losing momentum.
Momentum appears to be slowing down, and if the price **remains below $1.27**, a pullback toward the lower support zones around **$1.18 – $1.10** becomes increasingly likely.
⚠️ Always trade with proper risk management and use a stop loss.