$FOLKS is cooling off after a strong expansion move from the 4.78 base into the 7.53 high and I’m watching this pullback carefully because buyers are still defending structure instead of letting price collapse. The sharp rejection from the top flushed weak longs but price quickly stabilized above the previous breakout zone which shows that selling pressure is being absorbed rather than accelerated.
On the 1h chart candles are compressing around the 5.90–6.00 area forming a consolidation base after the impulse. This kind of behavior usually signals continuation if support holds and momentum resets.
Here my full setup from this chart.
Entry Point
6.00 – 5.70
Target Point
TP1 6.50
TP2 6.90
TP3 7.53
Stop Loss
5.20
It’s possible because every dip near the 5.70 zone is getting bought quickly and price is holding above the prior structure breakout. As long as FOLKS stays above support the move toward 6.50 becomes the natural first step before momentum attempts to revisit the highs again.
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FOLKSUSDT
Prep
5.003
-4.68%