This structure is already very clear, the bears are taking over the game. After a decisive rejection at the supply zone of 14.660, the upward momentum has completely exhausted. We can see that the subsequent decline is accompanied by significant selling volume, and the price has decisively broken below the key support range of 10.940. Now, this area has turned into new resistance. Any upward rebound seems weak, and the trading volume is shrinking, indicating insufficient buying interest, with the price sliding towards the next clear support at 9.980. In such a market, only disciplined traders can profit.
For clear execution:
Entry: 10.500 - 10.900
Target 1: 9.980
Target 2: 9.200
Stop Loss: 11.600
$FOLKS
FOLKSUSDT
Perp
10.69
-5.49%
$SENT
SENTUSDT
Perp
0.04356
-3.30%
METUSDT
Perp
0.3305
-0.30%