📊 Analysis $FOLKS /USDT:
Current situation:
Price 26.768, growth +84.35% for the day — explosive dynamics
Price is above all EMAs (7, 25, 99) with a huge gap — a strong bullish trend
RSI(6) = 91.115 — critical overbought, high risk of correction
MACD is positive and rising — momentum is still strong, but exhaustion is possible
Volumes:
Current volume has sharply fallen relative to averages (MA5, MA10) — interest at the peak may weaken.
⚠️ RISK ASSESSMENT:
RSI above 90 — signal of extreme overbought, a pullback is likely at any moment
After such growth, a correction of 20-30% is normal (to the zone of 20.00 – 22.00)
Low volumes at high price — possible loss of momentum
🎯 SCENARIOS:
1️⃣ AGGRESSIVE SHORT (FOR EXPERIENCED ONLY):
Entry: 27.50 – 29.00 (upon signs of reversal: doji, bearish patterns)
Stop: 31.50 (above the maximum)
Targets: 24.00 → 21.00 → 18.00
2️⃣ WAITING FOR A CORRECTION FOR LONG:
Wait for a pullback to 22.00 – 20.00 (zone EMA(7) and psychological support)
Entry into long only upon confirmation of a bounce from support with volumes
Stop: 19.00, targets: 25.00 → 28.00+
💎 CONCLUSION:
The trend is bullish, but buying at current levels is extremely risky.
$FOLKS
