The recent $FOLKS correction is healthy, shaking out weak hands and allowing the market to consolidate before the next move higher. Corrections like this are necessary to build sustainable strength rather than pushing unsustainably.

Trade Setup:

Entry Zone: $5.10 – $5.18

Target 1: $5.35

Target 2: $5.50

Stop Loss: $4.95

I’m watching this zone closely because it aligns with a previous strong support area and the 0.618 Fibonacci retracement from the last swing. They’re building strength here, and if this level holds, it can act as a solid springboard for the next leg up. The reaction around $5.12 earlier confirms buyers are stepping in, making this a key zone to watch for longs.

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