🚀 $FOLKS Short Setup Alert, Bear Analysis
$FOLKS /USDT shows a sharp spike-and-reject move followed by choppy distribution on the 1H chart. With price struggling below the local supply and making lower highs, a move back toward the lower range support looks probable.
📊 Market Snapshot
Timeframe Analyzed: 1H
Current Price: 3.673
24h High: 3.825
24h Low: 3.550
Volume: 5.72M FOLKS
📌 Key Levels to Watch
Support: 3.650, 3.550, 3.410, 3.368
Resistance: 3.731, 3.825, 3.912
🎯 Trade Setup
Entry Zone: 3.700 to 3.760
TP1: 3.650
TP2: 3.550
TP3: 3.410
SL: 3.850
⚠️ Invalidation
Setup invalid if FOLKS closes 1H above 3.825 and holds above it (clean reclaim).
✨ Summary
Bearish continuation bias. As long as price stays below the stated resistances, the path toward 3.410 remains in play. Watch for a rejection at 3.731–3.825 or a breakdown below 3.650 with volume expansion.
