$FORM +18% - Breaking Above Critical EMAs
Strong move clearing the daily EMA200 and the 9/15 EMA cluster. This is a significant technical breakout after a long downtrend.
The Breakout
· Key Support: 0.3210 (EMA9) / 0.3090 (EMA15) – Must hold.
· Resistance: 0.4163 (24h High), 0.4300
· Breakout Zone: 0.3440 - 0.3580
Trade Plan
· Entry: 0.3320 - 0.3400 (Pullback to support)
· Stop Loss: 0.3080 (Below EMA Cluster)
· Take Profit: TP1: 0.3900, TP2: 0.4150
Volume is decent on the breakout. The 4H close above the EMA200 is a major bullish signal.
⚠️ Not financial advice. Token has a long bearish history—this could be a reversal attempt. Manage risk.
Trend change? Buying the breakout or waiting to see if it holds? 👇
#Write2Earn #FORM #Breakout #CPIWatch $FOLKS
FOLKSUSDT
Perp
25.22
-33.55%