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$FOLKS (1h) - Short Rejection
Bias: Short
Entry (Zone): 2.54 - 2.62
Targets:
TP1: 2.45
TP2: 2.32
TP3: 2.18
Stop Loss: 2.72
Why this Setup:
I’m looking for a continuation lower after the sharp rejection from the recent spike and the failure to hold above the 2.60 area. I want to short into any weak bounce, with room for a move back toward the prior support zones if selling pressure stays in control.