$FOLKS đ The rejection near $2.40 has triggered a deeper pullback, with price now around $2.12 (+4%). Consecutive red 4H candles show sellers are gaining short-term control, while fading volume leaves the recovery uncertain.
đ Trade Plan
EP: Wait â don't try to catch a falling knife.
Look for a strong bullish 4H close or a clear rejection wick around the $2.00â$2.05 support zone before considering an entry.
SL: $1.90
đŻ Profit Targets
- TP1: $2.30
- TP2: $2.40 â Previous rejection zone
- TP3: $2.60
â ïž Risk Alert: Short-term momentum remains bearish. A breakdown below $2.05 could expose the $1.80 support base. Let selling pressure ease and wait for buyers to confirm a reversal before entering.
$ICNT
$QQQB
đ Trade Plan
EP: Wait â don't try to catch a falling knife.
Look for a strong bullish 4H close or a clear rejection wick around the $2.00â$2.05 support zone before considering an entry.
SL: $1.90
đŻ Profit Targets
- TP1: $2.30
- TP2: $2.40 â Previous rejection zone
- TP3: $2.60
â ïž Risk Alert: Short-term momentum remains bearish. A breakdown below $2.05 could expose the $1.80 support base. Let selling pressure ease and wait for buyers to confirm a reversal before entering.
$ICNT
$QQQB