$FOLKS /USDT LONG TRADE SETUP
is currently trading at 4.334, reflecting a sharp -20.42% decline over the last 24 hours. The price has recently touched a 24h low of 4.270, which is now acting as a critical psychological and technical support zone. Despite the recent bearish pressure and steep drop on the 15-minute chart, the massive 24h trading volume of 197.90M USDT indicates high liquidity and a potential influx of buyers looking to capitalize on this oversold condition.
Target Points
TP1: 4.536 (Immediate resistance and previous consolidation floor)
TP2: 4.837 (Mid-range recovery target and technical resistance)
TP3: 4.953 (Local peak before the final breakdown)
Stop Loss
Set a stop loss at 4.150 to mitigate risk in case the recent 24h low fails to hold the downward momentum.
Trade Insight
The current setup suggests a high-probability mean-reversion trade. If $FOLKS can sustain its position above the 4.270 support, we expect a rapid bounce toward the 4.50+ levels as the selling pressure exhausts.
Buy and Trade here on $FOLKS
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