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【$FOLKS Signal】Pullback to go long, 1H level charging up for launch
$FOLKS The 4H MACD histogram is still expanding, but momentum on the 1H level has shown signs of fatigue, with the price falling back from the high of 1.299, currently consolidating around 1.157. Market depth is unbalanced -13.63%, with thicker sell orders, short-term selling pressure needs to be absorbed.
If the price can pull back below the 1.151 area, it is an ideal entry point.
⚡Entry: Go long directly around 1.151.
🛑Stop loss: 0.962.
🚀Target 1: 1.158.
🚀Target 2: 1.162.
🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move the stop loss to breakeven. If the price falls back into the entry zone, exit automatically to protect capital.
The 1H EMA20 at 1.1175 resonates with the upper boundary of the entry zone as support. The 4H Bollinger Band upper band at 1.154 has been pierced; a pullback to confirm the breakout is a standard move. Currently, the funding rate is only 0.0153%, with low short squeeze risk, and the bullish structure remains intact. The risk-reward ratio is acceptable, with the key being the precision of the entry point.
View real-time market 👇 $FOLKS
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