๐ $FOLKS : Sharp Reversal Signs After Parabolic Run โ Binance Futures Short Setup.
Pair: FOLKSUSDT Perpetual
Current Price: ~23.61
24H Change: +52.62%
๐ฏ$FOLKS has exhibited classic distribution patterns following a blow-off top amid its recent parabolic surge. Momentum indicators are flipping bearish, with weakening volume on upside attempts. Further downside pressure appears likely unless price convincingly reclaims and holds above recent highs.
๐ฏTrade Setup (Short):
Entry Zone: 23.50 โ 25.00
Target 1: 18.50
Target 2: 16.00
Stop-Loss: 27.00 (above recent swing high for protection)
๐Risk-Reward: ~1:3+ โ Always risk only 1-2% of capital per trade don't do future trading
High-volatility DeFi token in overextended territoryโprime for a pullback.
FLOCKUSDT
Perp
0.0944
+7.02%