$FOLKS punished late buyers at $4.48336 with a sharp long liquidation, sending price back into a demand pocket. This kind of move cleans out emotional longs and resets the chart, creating space for a more sustainable recovery.
EP: $4.40 – $4.52
TP1: $4.68
TP2: $4.95
TP3: $5.30
SL: $4.18
Price is stabilizing after the flush and volume is fading on the downside, a sign that selling pressure is losing strength. Momentum is preparing for a rotation back into the range. Holding above $4.40 keeps this setup valid.
FOLKSUSDT
Perp
1.424
+3.86%