$FOLKS – LONG SETUP
FOLKS experienced a sharp flush with a $1.13K long liquidation at 21.38. Price corrected nearly 9% before bouncing, suggesting exhaustion on the downside. Key support sits around 20.00, and the lower timeframe is forming a higher low structure.
Entry Zone: 20.10 – 20.80
Target 1: 21.40
Target 2: 23.00
Target 3: 25.20
Stop Loss: 18.90
Momentum Note: Reclaiming 21.40 shifts sentiment bullish and sets up a rotation back toward the upper range.
FOLKSUSDT
Perp
21.55
-16.50%
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