$FOLKS STRONG BREAKOUT ABOVE UPPER BAND +29.59% SURGE (4H Chart)

$FOLKS is experiencing powerful bullish momentum, up +29.59% and breaking decisively above the 4H Upper Bollinger Band.

🚀 Bullish Breakout Confirmed: Price has surged from the 24h low of $12.53 to break above the Upper Bollinger Band at $14.80, indicating strong trend acceleration.

⚠️ Overbought Condition: With RSI at 80.47 and trading above the Upper Band, this move is extremely overextended in the short term. A pullback or consolidation is likely.

Key Bollinger Band Levels (4H):

🎯Upper Band (Breakout Level): $14.80

⚖️Middle Band (Strong Support): $12.12

🛡️Lower Band (Major Support): $9.44

Critical Price Zones:

🎯Immediate Target: $15.673 (24h High) - Next psychological level at $16.00

🛡️Key Support (Buy Zone): $14.80 - $15.00 (Upper Band & round number)

📍Strong Support: $12.12 (Middle Band)

Outlook:

The breakout is strong but occurring in overbought territory.A healthy retracement to test the $14.80 level as support would provide a more sustainable foundation for continued upward movement. The RSI above 80 suggests caution for new entries at current levels.