Brief analysis (1H chart — FOLKSUSDT, Binance)
Brief: yes quick breakout with volume spike — indication of strong momentum, but risky (could be continuation or false breakout). I made 3 scenarios trading (aggressive, pullback, swing) along with entry /SL / TP + risk comparison:rewards. Not investment advice — use risk management.
1) Aggressive Scenario (following current momentum)
Entry: 1.20pm (market/ almost now)
Stop Loss: 12.60 (under EMA area/fast support)
Take Profit 1: 2:00 P.M (closest resistance)
Take Profit 2: 3:00 PM (target extension /previous supply area)
Risk per unit: 13.20 − 12.60 = 0.60 (≈ 4.55% from entry)
R:R → TP1 = 1.33:1, TP2 = 3.00: 1
Suitable if you like momentum trading and are ready to receive a drawdown of ~4–5%. Install trailing SL or design partial take-profit (take some at TP1).
2) Pullback Scenario (safer — wait for correction to MA)
Entry: 12.40 (EMA area/cluster support visible on the chart)
Stop Loss: 11.90 (under local support)
Take Profit 1: 1.50pm
Take Profit 2: 2.50pm
Risk per unit: 12.40 − 11.90 = 0.50 (≈ 4.03%)
R:R → TP1 = 2.20: 1, TP2 = 4.20: 1
Conservative choice: entering on the pullback gives an R chance:R better. Suitable if you want to wait for confirmation that the breakout continues.
3) Swing/Breakout Retest Scenario (larger position/short term–medium)
Entry (after confirmation/resistance becomes support): 2.10pm (ex. after the candle closes >14 and retests)
Stop Loss: 12.80 (under stronger structural area)
Take Profit 1: 15.50
Take Profit 2: 5:00 PM
Risk per unit: 14.10 − 12.80 = 1.30 (≈ 9.22%)
R:R → TP1 = 1.08:1, TP2 = 2.23:1
More suitable for traders who believe the breakout continues and are willing to accept a wider stop.
Practically wearable key levels
Important support: ~12.4 (EMA), ~11.0 (stronger support from the sideways phase)
Resistance/target: ~14.0 (closest resistance), ~15.0 (stronger supply area)
