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$FOLKS (1h) - Breakout Retest Long
Bias: Long
Entry (Zone): 2.76 - 2.83
Targets:
TP1: 2.92
TP2: 3.00
TP3: 3.18
Stop Loss: 2.66
Why this Setup:
I want to stay with the bullish momentum after the strong impulse higher and the current consolidation near the highs. I’d look for a clean hold above the breakout area, since that keeps the structure intact and gives me room toward the prior resistance levels.