【$FOLKS Signal】1H level overbought, beware of profit-taking sell-offs

$FOLKS 1H RSI soared to 86, and the 4H level also surged to 86.29, indicating buying power is severely overextended. Although the MACD on the 1H and 4H are still expanding, the histogram bars are beginning to flatten, showing initial signs of bullish momentum exhaustion. Market depth is unbalanced at -8.16%, with sell orders clearly thicker, and active buying interest weakening.

This position carries a high risk of chasing the high, and the risk-reward ratio is not favorable. A more prudent approach is to wait for a decent pullback.

🎯Direction: Pullback to buy

⚡Entry/Orders: Buildup in the 0.986 - 1.0 range in batches

🛑Stop loss: 0.956

🚀Target 1: 1.265

🚀Target 2: 1.270

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, exit automatically to protect capital.

The 4H Bollinger Band upper band at 1.139 has been strongly broken through, with the price moving outside the extreme channel. This kind of movement often requires a retest of the upper band or EMA20 (around 1.0737 on the 1H level) for confirmation. Position size remains stable, with no signs of panic selling, indicating that main funds may still be in play. However, the funding rate at 0.048% is not low, putting short-term pressure on a pullback. Watch whether the 1H level can hold above 1.2; if it cannot, the first wave of selling pressure might directly test 1.15.

Check real-time market 👇 $FOLKS
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