$FOLKS USDT (PERP) | Relief Bounce Setup ā ļøš„
Following a sharp dump from the $5.45 zone, $FOLKS is now stabilizing near a clear demand area. Price defended the $4.20ā$4.25 zone and is forming a short-term base, signaling a potential relief bounce. Volatility remains high.
Key Levels:
Ā· Support: $4.20 ā $4.25
Ā· Resistance: $4.60 ā $4.85
Bounce Targets (Scalp):
Ā· TP1: $4.60 šÆ
Ā· TP2: $4.85 šÆ
Ā· TP3: $5.20 šÆ
Ā· Invalidation: Below $4.20 ā ļø
ā ļø Note: This is a high-risk, fast-momentum zone. Quick scalps are preferred as sentiment can flip rapidly. Trade with tight risk management.
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FOLKS
Alpha
4.79226
+8.89%