$FOLKS Perp – Technical Analysis (15m)

FOLKS has printed a strong impulsive move, gaining +70% from the recent low near 14.30 and pushing into the 24.8 zone.

🔹 Trend & Structure

Market structure: Strong bullish impulse

Price is trading far above EMA(7), EMA(25), EMA(99) → momentum dominant

EMAs are fully bullishly stacked → trend intact

🔹 Volume

Clear volume expansion during the rally

Confirms real buying pressure, not a weak spike

🔹 RSI

RSI(6) around 96 → extremely overbought

Indicates momentum strength, but also raises pullback / consolidation risk

📊 Key Levels to Watch

Immediate Resistance: 24.80 – 25.40

First Support: 23.00 – 22.50

Major Support: 20.70 – 21.00 (EMA zone)

🎯 Technical Outlook

As long as price holds above EMA(25), the bullish trend remains valid

Short-term: Expect consolidation or shallow pullback after such a vertical move

Continuation likely after cooling if volume holds and higher lows form

⚠️ Risk Note

RSI is overheated — chasing here is high risk.

Best setups usually come after pullback + base formation, not during vertical candles.

📌 Trade the structure, not the hype.

Momentum is strong — patience decides entries.

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