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【$FOLKSUSDT Signal】Pullback to buy, capital support exposure revealed
$FOLKSUSDT 1H level rally and pullback, buying volume is solid, order wall below 1.26 is very thick. RSI on the 1H chart hovers around 70, bullish momentum not exhausted. MACD histogram is shrinking, but the fast and slow lines remain above zero, indicating a high-level consolidation.
🎯Direction: Long
⚡Entry/Orders: Enter in batches within the 1.185 - 1.212 range
🛑Stop Loss: Below 1.185
🚀Target 1: 1.281
🚀Target 2: 1.316
🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to breakeven. If the price falls back into the entry zone, exit automatically to protect capital.
Order book data shows significant buy orders accumulated between 1.26 and 1.27, with selling pressure quickly absorbed. Open interest remains stable, no signs of large-scale capital outflow. The 20-period EMA on the 1H chart at 1.218 provides dynamic support, resonating with the dense buy zones below. The current risk-reward ratio is close to 2.5, making this a good opportunity to use limited risk to attempt a secondary push from bullish funds.
Check real-time market 👇 $FOLKS
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