$FOLKS USDT (PERP) Signal ๐๐ฅ
Reasoning (Quick) $FOLKS
RSI(6) ~86โ90 โ extremely overbought
Price far above Bollinger mid-band
Parabolic move + long upper wicks โ distribution risk
Late longs vulnerable to liquidation sweep
๐ฏ Short Setup
Entry: 36.80 โ 38.40
Targets:
TP1: 32.50
TP2: 29.60
TP3: 26.20 (only if momentum fully breaks)
Stop-Loss: 40.50 (strict)
Notes
Scalp / intraday only
Expect violent volatility
Take partials fast, donโt marry the trade
โ ๏ธ If price accepts above 38.5 with volume, short is invalid โ step aside.
High-risk, high-speed trade. Control leverage. ๐ฅ
