【$FOLKS Signal】Bullish breakout above 4H Bollinger upper band, high fee rate trading

$FOLKS 4H Bollinger upper band at 2.7075 was directly pierced, current price at 2.809 has exceeded the upper band by 4%. RSI on 1H surged to 74.4, approaching overbought territory. Selling pressure suppresses buying, Bid/Ask depth ratio is only 0.45, funding rate at 0.0947% is significantly high, increasing long position costs. Open interest remains stable with no large-scale liquidations. Short-term momentum is still present, but caution is advised at high levels due to fee pressure.
🎯Direction: Long
⚡Entry/Order: 2.80057 - 2.80900
🛑Stop Loss: 2.78091
🚀Target 1: 2.85114
🚀Target 2: 2.87220
🛡️Trade Management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move stop loss to breakeven. If the price falls back into the entry zone, automatically exit to protect capital.
Current risk-reward ratio is about 1.5, which is below average but the breakout structure is intact, suitable for light short-term trading. The 4H MACD histogram is still expanding, indicating bullish momentum has not exhausted, while the 1H MACD is slightly narrowing, watch for short-term pullback depth.
Check real-time market 👇 $FOLKS
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