$FOLKS is testing a major resistance level after a massive +13.55% intraday rally from the lows.
Momentum is strongly bullish but extremely extended,as the price has reached the 24h high with a large sell wall visible in the order book from 4.787 to 4.789.
This signals a high probability of a sharp short-term pullback or rejection to cool off the overbought move.
Entry: 4.745 – 4.750
TP1:4.600
TP2:4.500
TP3:4.400
SL:4.770
A rejection from the 4.755 high with increasing sell volume confirms the corrective pullback for TP1.
FOLKSUSDT
Prep
5.444
+22.06%