$FOLKS /USDT (Perp) – LONG SETUP
Bias: Short-term bullish relief after strong sell-off, looking for continuation from demand.
📍 Entry Zone
5.00 – 5.25
(Current price reacting from local demand / bounce structure)
🎯 Targets
TP1: 5.85
TP2: 6.40
TP3: 6.90
(Scaling out recommended – secure partials at each level)
🛑 Stop Loss
4.45
(Clean invalidation below demand & recent swing low)
🔑 Key Levels
Resistance:
5.85 (minor structure / first reaction zone)
6.40 (mid resistance)
6.90 – 7.00 (major supply / previous range high)
Support:
5.00 (local demand)
4.70 – 4.50 (strong demand & invalidation zone)
🧠 Technical Outlook
Price is bouncing after an aggressive dump, forming a short-term base.
Bullish impulse candle suggests relief rally potential if 5.00 holds.
This is a counter-trend long, so manage risk tightly and take profits aggressively
⚠️ Invalidation: Clean breakdown and acceptance below 4.45
📌 Risk Management: Don’t over-leverage — volatility is high.
