FOLKS just experienced an aggressive pump followed by a sharp dump, forming a classic bull trap pattern. The spike in volume during the decline indicates large distribution by smart money. Currently, the price is only making a weak pullback; there is no confirmation of a trend reversal.
➡️ Main bias: BEARISH
➡️ Best strategy: Sell on Rally
🔴 MAIN STRATEGY — SHORT (HIGH PROBABILITY)
Entry Area (Sell Zone):
📍 6.20 – 6.40
(Resistance area + strong supply)
Stop Loss:
⛔ 6.75
(Break supply area = setup invalid)
Take Profit:
🎯 TP1: 5.70
🎯 TP2: 5.25
🎯 TP3: 4.85
📊 Healthy Risk–Reward, aligned with the dominant trend.
🔵 ALTERNATIVE — LONG (SCALP ONLY, LOW RISK)
⚠️ Not the main setup, only applicable if the market holds.
Conditions:
Price holds above 5.70
No further volume dump
Entry Long:📍 5.75 – 5.85
Stop Loss: ⛔ 5.45
Take Profit:
🎯 TP1: 6.20
🎯 TP2: 6.60
🔍 CONCLUSION
Previous rise = fake breakout
Structure still lower high
Seller volume still dominant
Aggressive long = high risk
📌 The market is not ready for reversal; the best opportunity remains on the SELL side.
🔥 Don't chase green candles
🎯 Wait for the price to rise → SHORT with a plan
💰 Consistent profit comes from discipline, not FOMO
📌 Save this setup, wait for the price to enter the zone, and execute calmly.
$FOLKS
