$FOLKS saw a long liquidation at $5.87493, which usually happens when price dips just enough to trigger stops and margin calls. These events often appear right before a bounce.
Price is approaching a strong demand zone where buyers previously accumulated. If selling pressure fades, recovery momentum can build quickly.
Entry Price (EP): $5.70 – $5.90
Take Profit (TP):
TP1: $6.35
TP2: $6.95
TP3: $7.80
These targets reflect prior resistance and liquidity pockets.
Stop Loss (SL): $5.38
This setup favors calm execution and proper risk control.
FOLKSUSDT
Perp
5.391
-34.87%