🚨 TRADE ALERT: $FOLKS / $USDT SETUP ACTIVE! 🚨

Major volatility spotted in $FOLKS USDT! After a sharp -46% drop, price is consolidating near 24h lows. This could be a prime reversal or continuation opportunity. Are you watching this?

📊 KEY DATA & SIGNALS:

· Price: 14.266 | 24h Change: -46.59%

· Market Sentiment: Long/Short Ratio at 1.69 (62.78% Longs) → Heavy long bias, but extreme sell-off suggests potential capitulation or short squeeze fuel.

· Volume: Spiked to 11.5M against MA(5) of 25.4M → Selling pressure may be easing.

· MACD: Bullish crossover forming! DIF (3.487) > DEA (3.074) & MACD histogram turning positive at 0.414 → Momentum shifting upward.

· RSI(14) at 50.779 → Neutral, room to run in either direction.

🎯 FORECAST & TRADE IDEA:

A bounce is likely from this oversold zone.Entering here offers a favorable risk/reward.

· Entry Zone: 13.50 - 14.50 (current consolidation)

· Direction: LONG (anticipating relief rally/short squeeze)

· Take Profit (TP): 18.00 (Key resistance & partial fill) & 21.00 (Next target)

· Stop Loss (SL): 12.80 (Below recent swing low)

⚠️ REMEMBER: This is a high-volatility play. Manage your risk! Use proper position sizing. The trend on higher timeframes is still weak, so this is considered a counter-trend swing.

🔥 Ready to ride the bounce? Trade $FOLKS / $USDT NOW! Follow & turn 🔔 on for more real-time setups! ✅

#FOLKS #FOLKSUSDT #Crypto #Trading #Binance #Altcoin #TradingSignals #MACD #CryptoTrading