$FOLKS / USDT — BEARISH STRUCTURE INTACT | RELIEF BOUNCE FACING HEAVY SUPPLY
$FOLKS remains trapped in a dominant downtrend, with price trading well below the MA(7) and massively under the MA(25), confirming seller control on every bounce. The current push is a technical relief move, not a trend reversal. Unless price reclaims key moving averages with volume, downside continuation remains the higher-probability path.
📉 Trade Setup
Entry Zone (Short):
$5.20 – $5.40 (rejection zone below MA(7))
Take Profit Targets:
TP1: $4.70 (local demand retest)
TP2: $4.10 – $3.85 (previous liquidity pocket)
TP3: $3.50 (capitulation extension if sell pressure accelerates)
Stop Loss:
$5.85 (above MA(7) invalidation)
📊 Short Market Outlook
Momentum: Weak, corrective bounce
Trend: Strong bearish on short- and mid-timeframes
Key Resistance: $5.30 → $5.85
Key Support: $4.70 → $4.10 → $3.80
Failure to reclaim $5.85 keeps bears firmly in control.
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