$FOLKS /USDT Buy-Side Liquidity Grab, Trend Still Cautious ✅🚀💯🔥🔥
Let’s be clear with what the chart is showing. FOLKS made a massive expansion, then printed a sharp sell-off — that move already cleaned a lot of late longs. The current bounce from the lows looks corrective, not impulsive. Price is moving back into a previous supply zone, which is exactly where sellers usually step in again.
This recovery looks like a buy-side liquidity grab, not a trend reversal. Until FOLKS reclaims and holds above the mid-30s with strength, the structure remains vulnerable.
Trade Plan (Short-biased while below resistance)
Trade Setup: Short
Entry Zone: 30.50 – 33.50
Target 1: 28.00
Target 2: 25.00
Target 3: 22.00
Stop-Loss: 36.50
If price gets rejected from this zone, downside continuation is the higher-probability move. A real bullish reversal only starts if buyers flip resistance into support — that hasn’t happened yet.
Trade what you see, not what you hope.
Risk control first. Patience always.