๐ฅ $FOLKS โ MOMENTUM IS KNOCKING ๐ฅ
This chart is starting to wake up ๐
Higher lows, consolidation after a strong impulse, and price holding above short-term structure. Momentum looks like itโs loading, not finished.
โ ๏ธ This is a technical setup idea, not financial advice.
๐ $FOLKS LONG SETUP
Entry:
โก๏ธ $5.30 โ $5.45 zone (current consolidation / pullback area)
Stop Loss:
๐ $4.95
(below local structure โ invalidates the setup)
Take Profits:
๐ฏ TP1: $5.90
๐ฏ TP2: $6.40
๐ฏ TP3: $7.00+ (if momentum expands)
Risk / Reward:
โ
Clean structure
โ
Favorable R:R
โ
Trend continuation bias
๐ Price already showed strength with a sharp move up, now digesting gains instead of dumping โ thatโs what strong charts do.
๐จ No guarantees
๐จ Manage risk
๐จ Size properly
The chart is asking one question onlyโฆ
Does momentum continue?
DYOR | NFA | Trade smart ๐ง โก
#FOLKS #TechnicalAnalysis #TradingIdea
