$FOLKS USDT Bullish Breakout and Accumulation Setup Forming After Consolidation
The FOLKSUSDT perpetual chart shows a clear accumulation phase transitioning into a bullish impulse. Recent price action includes an impulse move from 3.593 to 4.047, a pullback to the 3.940 zone, and a tight consolidation range between 3.836 and 3.940, indicating buyer accumulation near support.
Key Levels
Support zone: 3.830 – 3.860
Breakout trigger: Close above 3.962 with volume confirmation
Major resistance: 4.047, then 4.129
Long Trade Plan
Entry range: 3.950 – 3.962 on a confirmed breakout above 3.962
TP1: 4.