$FOLKS just lost a major support level… and that changes everything. 🔥
I’m not chasing the breakdown.
I’m waiting for the bounce.
Because weak pullbacks into broken support often give the cleanest short entries.
$FOLKS — SHORT SETUP 📉
Entry: 1.86 – 1.90
SL: 2.229
TP1: 1.60
TP2: 1.10
TP3: 0.299
Short $FOLKS here 👇
Here’s why I’m interested:
The breakdown has shifted market structure firmly in favor of the bears.
That means every weak bounce becomes an opportunity.
Instead of chasing the initial selloff, I’d rather wait for price to retrace into the entry zone where risk is clearer and reward looks better.
Patience matters here.
Let the pullback come to you.
If sellers reject this zone, I’m expecting downside continuation toward 1.60, then 1.10, and possibly much lower.
Are you watching this setup too? 👇
I’m not chasing the breakdown.
I’m waiting for the bounce.
Because weak pullbacks into broken support often give the cleanest short entries.
$FOLKS — SHORT SETUP 📉
Entry: 1.86 – 1.90
SL: 2.229
TP1: 1.60
TP2: 1.10
TP3: 0.299
Short $FOLKS here 👇
Here’s why I’m interested:
The breakdown has shifted market structure firmly in favor of the bears.
That means every weak bounce becomes an opportunity.
Instead of chasing the initial selloff, I’d rather wait for price to retrace into the entry zone where risk is clearer and reward looks better.
Patience matters here.
Let the pullback come to you.
If sellers reject this zone, I’m expecting downside continuation toward 1.60, then 1.10, and possibly much lower.
Are you watching this setup too? 👇