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$FOLKS | 1h | Bearish Rejection Setup
Bias: Short
Entry Zone: 2.55 to 2.62
Stop Loss: 2.74
Targets:
TP1: 2.42
TP2: 2.30
TP3: 2.12
Invalidation:
Close above 2.74
Why This Setup:
I’m seeing a strong rejection from the recent 2.95-3.10 sweep, with price failing to hold above the 2.60 area and rolling back into prior structure. The chart is still showing lower-high pressure, and a clean break under 2.45 could open a move back toward the 2.30 and 2.10 liquidity zones.