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$FOLKS Update 📊 | Calm After the Storm? After a sharp rally and aggressive correction, FOLKS is now stabilizing around the $5.19 zone. Both 4H & 1D charts show price holding near a key demand area after rejecting higher Fibonacci levels. 🔍 What stands out: Strong pullback from the $50+ spike (healthy reset, not panic) Price consolidating near lower Bollinger Band → potential base forming RSI hovering in neutral-to-recovery zone (selling pressure cooling) ⚖️ Market structure: This looks like a post-distribution consolidation. If buyers defend this zone, a relief bounce toward mid-level resistances is possible. If not, expect more sideways accumulation. 👀 Key levels to watch: Support: ~$5.0 Resistance: ~$8.3 → $10.5 📌 Patience wins here. Smart money watches bases, not pumps. 👉 What’s your view on $FOLKS — accumulation or more chop ahead? Like • Comment • Share 🚀 #BinanceAlphaAlert #WriteToEarnUpgrade #TrumpTariffs #CPIWatch #FOLKSMarket

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Piercing Pattern – What It Means & What You Should Do The Piercing Pattern is a bullish reversal candlestick pattern that appears after a downtrend. It consists of two candles: 🔹 First candle: Strong bearish (red) candle showing selling pressure 🔹 Second candle: Bullish (green) candle that Opens below the previous candle’s low Closes above the midpoint of the first candle This shows that buyers are stepping in strongly, signaling a possible trend reversal from bearish to bullish. ✅ What Traders Must Do ✔ Confirm the trend: Ensure it appears after a clear downtrend ✔ Wait for confirmation: Enter a buy trade only after the next bullish candle ✔ Set Stop Loss: Below the low of the second candle ✔ Use indicators: RSI oversold zone, support levels, or volume confirmation increase reliability ⚠ Important: The Piercing Pattern works best near strong support levels and should never be traded alone without confirmation. 📊 Smart traders wait for confirmation — impatient traders pay the price. #WriteToEarnUpgrade #BinanceAlphaAlert $BTC $BNB $SOL

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