$FOLKS Faces Another Major Rejection
Short $FOLKS (DCA Entries)
EP1: 2.40 – 50%
EP2: 2.48 – 25%
EP3: 2.58 – 25%
SL: 2.75
TP1: 2.280
TP2: 2.150
TP3: 2.020
TP4: 1.850
Why:
$FOLKS is recovering from 1.801 but facing resistance around 2.49–2.50. Price is above MA7 (2.236) and MA25 (2.140), while MA99 (2.249) remains a key resistance area. MACD is positive and improving, so bullish momentum is still present. A confirmed rejection near 2.40–2.50 could create a short opportunity toward 2.28 and 2.15. A strong breakout above resistance would weaken this setup, so wait for rejection confirmation.
Note: If EP2 and EP3 are not reached, enter 100% at EP1.
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Short $FOLKS (DCA Entries)
EP1: 2.40 – 50%
EP2: 2.48 – 25%
EP3: 2.58 – 25%
SL: 2.75
TP1: 2.280
TP2: 2.150
TP3: 2.020
TP4: 1.850
Why:
$FOLKS is recovering from 1.801 but facing resistance around 2.49–2.50. Price is above MA7 (2.236) and MA25 (2.140), while MA99 (2.249) remains a key resistance area. MACD is positive and improving, so bullish momentum is still present. A confirmed rejection near 2.40–2.50 could create a short opportunity toward 2.28 and 2.15. A strong breakout above resistance would weaken this setup, so wait for rejection confirmation.
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#