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$FOLKS (1h) - Bearish Breakdown Short
Bias: Short
Entry (Zone): 2.68 - 2.74
Targets:
TP1: 2.58
TP2: 2.48
TP3: 2.36
Stop Loss: 2.88
Why this Setup:
I’m shorting this after the sharp move into resistance, since the latest push looks extended and vulnerable to a pullback. I want a rejection from the 2.68 - 2.74 area, with downside first into the prior support near 2.58 and then lower if momentum fades.