📈 LONG SETUP – $FOLKS

Entry Zone: 5.70 – 5.50

Stop-Loss: 5.23

Take-Profit Targets 🎯

• TP1: 5.90

• TP2: 6.45

• TP3: 6.70

📊 Technical & Volume Analysis

Trading volume has surged to 9.11B, nearly 2× the MA(5) volume of 4.96B, confirming a strong liquidity influx and renewed market interest. Price has broken above MA(7) at 5.269, which is now acting as dynamic support, while MA(25) at 5.076 remains below price, reinforcing a developing short-term bullish structure.

The 5.65 – 5.75 zone is acting as a post-pump consolidation and accumulation range, indicating healthy price acceptance rather than distribution. This behavior typically precedes continuation moves when support holds.

📈 Market Context

Although the buy/sell ratio (46.22% vs 53.78%) is slightly skewed toward selling, the 7-day performance of −75.45% suggests the asset was deeply oversold and is now entering a recovery phase. If price holds above the current range and breaks the 6.00 resistance, a strong continuation move toward 6.50 – 6.80 becomes highly probable in the short term.

📌 Market Info

Pair: FOLKSUSDT (Perpetual)

CMP: 5.719

24H Change: +11.17%

⚠️ Risk Management Reminder

Enter in parts, respect the stop-loss, and avoid over-leveraging. Volatility can expand quickly in recovery phases.

Trade smart. Protect capital.