$FOLKS Bears Are Full Taking Control
Short $FOLKS (DCA Entries)
EP1: 2.20 – 40%
EP2: 2.30 – 30%
EP3: 2.40 – 30%
SL: 2.70
TP1: 2.080
TP2: 2.020
TP3: 1.950
TP4: 1.850
Why:
$FOLKS faced rejection after reaching 2.520 and has pulled back to 2.171, now trading below MA7 (2.294) and MA25 (2.249). MACD has turned negative, signaling weakening momentum, while declining volume and OI suggest the rally may be losing strength. MA99 at 2.024 is the key support to watch. A break below 2.080 could expose lower levels, but a rebound from support remains possible.
Note: If EP2 and EP3 are not reached, enter 100% at EP1.
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#Altcoin Season# #Macro Insights#
Short $FOLKS (DCA Entries)
EP1: 2.20 – 40%
EP2: 2.30 – 30%
EP3: 2.40 – 30%
SL: 2.70
TP1: 2.080
TP2: 2.020
TP3: 1.950
TP4: 1.850
Why:
$FOLKS faced rejection after reaching 2.520 and has pulled back to 2.171, now trading below MA7 (2.294) and MA25 (2.249). MACD has turned negative, signaling weakening momentum, while declining volume and OI suggest the rally may be losing strength. MA99 at 2.024 is the key support to watch. A break below 2.080 could expose lower levels, but a rebound from support remains possible.
Note: If EP2 and EP3 are not reached, enter 100% at EP1.
📩DM ME ON X TO KNOW HOW TO JOIN MY PREMIUM FOR HIGHLY PROFITABLE TRADE SETUPS LIKE THIS
#Altcoin Season# #Macro Insights#