$FOLKS USDT (Perp) – Technical Analysis

Timeframe focus: 1H / 4H

📌 Market Structure

FOLKS has printed a strong impulsive bullish move, rallying from the 4.80 demand zone to a local high near 6.15, confirming a bullish break of structure (BOS). Volume expansion supports the move, indicating aggressive long participation rather than a weak bounce.

However, price is now trading near short-term resistance, which increases the probability of either consolidation or a healthy pullback before continuation.

🔍 Key Levels

Immediate Resistance: 6.15 – 6.30

Major Resistance: 7.00 → 9.00

Support / Demand:

5.50 (intraday support)

4.75 – 4.80 (strong HTF demand & origin of impulse)

📈 Long Setup (Preferred)

Entry Zone:

Pullback buy around 5.50 – 5.70

Aggressive entry only if price accepts above 6.15 with volume

Targets:

🎯 TP1: 6.80

🎯 TP2: 7.90

🎯 TP3: 9.00

Stop Loss:

Below 5.20 (safe)

Aggressive SL below 5.45

📉 Short-Term Caution

After a +20% daily move, chasing longs at resistance is risky. If price shows rejection wicks or bearish divergence near 6.15–6.30, a pullback toward 5.50 is likely before the next leg up.

🔮 Outlook

Bias: Bullish (trend continuation)

Best Strategy: Buy pullbacks, not tops

As long as price holds above 4.75, the broader structure remains strongly bullish

⚠️ Manage risk carefully on perps. Volatility is high after impulsive moves.

If you want, I can also provide a scalp setup (15m) or high-leverage perp plan following your usual script.