FOLKS is caught in a tightening range as the market eyes the next macro catalyst, and the short bias is sharpening. Liquidity is draining from the upside, leaving the token vulnerable to a pullback.
đ´ $FOLKS SHORT đ
Entry â $2.4396-$2.4444
Stop â $2.5153 (-3.0%)
TP1 â $2.4054 (+1.5%)
TP2 â $2.3199 (+5.0%)
R/R 1:1.7 ⢠Confidence 64%
A clear change of character popped off the 4âhour swing low, confirming the bearish break. Volume divergence showed a CVD dip while a fresh fairâvalue gap opened right under the broken order block, and a liquidity sweep ripped through the prior swing high. The POI confluence of the order block and the FVG makes the short entry feel like a trap for longs.
A 3.0% stop is relatively tight for a token that can swing 5% intraday, so keep leverage around 2-3x.
Take half profit around the first target as the price approaches the next resistance zone.
Not financial advice â always manage your own risk đ
$FOLKS #FOLKSUSDT #xrpledgerpatchesxrpcreationbug #TradingSignals #Write2Earn
đ´ $FOLKS SHORT đ
Entry â $2.4396-$2.4444
Stop â $2.5153 (-3.0%)
TP1 â $2.4054 (+1.5%)
TP2 â $2.3199 (+5.0%)
R/R 1:1.7 ⢠Confidence 64%
A clear change of character popped off the 4âhour swing low, confirming the bearish break. Volume divergence showed a CVD dip while a fresh fairâvalue gap opened right under the broken order block, and a liquidity sweep ripped through the prior swing high. The POI confluence of the order block and the FVG makes the short entry feel like a trap for longs.
A 3.0% stop is relatively tight for a token that can swing 5% intraday, so keep leverage around 2-3x.
Take half profit around the first target as the price approaches the next resistance zone.
Not financial advice â always manage your own risk đ
$FOLKS #FOLKSUSDT #xrpledgerpatchesxrpcreationbug #TradingSignals #Write2Earn