🔴 $FOLKS — short zone is forming
After a strong impulse of +18% in one day, the price hit local resistance at 18.10 and experienced a sharp pullback. On the 4H chart, it can be seen: the impulse is fading, an upper shadow appears — the first signs of large players taking profits.
The price has deviated significantly from the average values, the market is locally overheated — ideal conditions for a correction.
📌 Trading plan (SHORT)
Entry: 17.4 – 17.9
Stop-loss: 18.6
Take-profit zones:
1️⃣ 16.4
2️⃣ 15.3
3️⃣ 14.1
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💡 Why short makes sense $FOLKS
Sharp rise without a proper base → a correction is needed
Strong resistance in the 18+ zone
Price is far above MA(25) and MA(99) — the market will pull back to balance
Volumes are decreasing on the rise — the impulse is weakening
Shorting is not against the trend; it is working on a pullback after overheating.
🔥 The market rewards not those who chase green candles but those who wait for the moment and take the movement calmly. Discipline is crucial here, not emotions.
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