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$FOLKS Signal] 1H pullback touches buy zone, long positions hidden
$FOLKS 4H MACD bullish pillar continues to shrink, funding rate at 0.0373% is relatively low, unfavorable for bears. 1H MACD death cross expands, price drops from 2.524 to 2.382, order book depth ratio of 0.56 indicates selling pressure dominates. The current 2.3729-2.3800 range has previous low support, bulls' willingness to buy is being tested.
🎯Direction: Long
⚡Entry/Order: 2.3729 - 2.3800
🛑Stop loss: 2.3562
🚀Target 1: 2.4157
🚀Target 2: 2.4335
🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to breakeven. If price falls back into the entry zone, automatically exit to protect principal.
4H Bollinger Band middle line at 1.9721 continues to rise, with limited space below. If the price holds above 2.37, the probability of a bullish rebound is high. Risk-reward ratio of 1.5, suitable for quick entry and exit.
Check real-time market 👇 $FOLKS
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