$FOLKS just went through a healthy correction after the recent upward move. Corrections like this are normal—they clear out weak positions and allow the market to consolidate. I’m watching closely because price is approaching a key resistance area.

Trade Setup:

Entry Zone: $5.535–$5.540

Target 1: $5.580

Target 2: $5.620

Stop Loss: $5.528

This zone is strong because it aligns with previous reaction points and the 0.382 Fibonacci retracement from the last swing low. Price has stalled here before, making it an area where sellers may lose momentum. If this level holds, they’re building strength for the next move.

I’m watching the $5.535–$5.540 area carefully—this is where the short liquidations occurred, and it could act as a pivot for the next directional move.