$FOLKSUSDT Futures Outlook — Bearish Bias 📉
Current Price: ~14.79
Timeframe: 1D
Trend: Strong bearish continuation
Trade Idea: Short (on pullback / rejection)
Entry Zone: 15.20 – 16.00
Key Resistance: 18.50 – 20.00
Key Support: 13.10 – 12.40
Take-Profit Targets:
TP1: 13.80
TP2: 12.90
TP3: 11.80
Stop-Loss: 16.80
Leverage (Suggested): 3–5x
Rationale:
FOLKSUSDT has experienced a sharp sell-off after a parabolic spike, followed by heavy rejection from the 46–47 top, indicating strong distribution. Price is now trading well below the daily VWAP and short-term moving averages, confirming bearish control. The structure shows a classic pump-and-dump behavior with consecutive bearish candles and rising sell volume. Any short-term bounce toward the 15.5–16.0 zone is likely to be corrective, offering a potential short opportunity. As long as price remains below 18.5, downside continuation toward the 13.0 and 12.0 demand zones remains likely.
Risk-Management Note:
A daily close above 17.0 would weaken the bearish bias. Trade with strict risk management.
#FOLKSUSDT #CryptoFutures #BearishSetup #PriceAction #BinancePerp #ShortTrade #CryptoTrading #TechnicalAnalysis #Altcoins #RiskManagement