$FOLKS Long Liquidation
Long positions were force-closed as $FOLKS broke below key support, triggering stop losses and accelerating bearish momentum.
Liquidation: Long
Liquidated Amount: $4.8663K
Liquidation Price: $4.21472
Entry (EP): $4.38000
Take Profit (TP): $3.98000
Stop Loss (SL): $4.46000
Market Outlook:
The liquidation signals weakening bullish structure and rising sell-side pressure. As long as price remains below the liquidation level, downside continuation toward lower liquidity zones is favored. A strong reclaim would be required to shift momentum back in favor of buyers.
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