【$FOLK Signal】High resistance at high levels, waiting for a pullback to go long

RSI 71.79, deep selling pressure -45%, buying support is clearly insufficient.
The 4H Bollinger upper band at 1.5933 has been pierced, but the funding rate at 0.0639% is relatively high, increasing long position costs.
The 1H MACD histogram is beginning to narrow, indicating weakening momentum.
The current risk-reward ratio is very low, and actively chasing higher lacks cost-effectiveness.

🎯 Direction: Long (waiting for a pullback to place an order)

⚡ Entry/Order: 1.503

🛑 Stop loss: 1.426

🚀 Target 1: 1.613

🚀 Target 2: 1.620

🛡️ Trading management: - After the order is executed, if the price quickly drops below 1.465, cancel the order.
Reduce position by 50% after reaching Target 1, and move the stop loss to 1.503.

(Depth logic: Although 4H volume has increased, the buy ratio has dropped from 0.56 to 0.50, indicating accumulating selling pressure.
The 1H RSI has fallen from high levels, combined with deep sell order book pressure, suggesting a short-term downward correction.
Waiting for the price to retest near the EMA20 before entering again, which has a higher probability of success.)

Check real-time market 👇 $FOLK
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