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【$FOLKS Signal】Bullish momentum doesn’t wane, 1H strongly breaks above the Bollinger upper band
$FOLKS 1H RSI hits 81, buy orders continuously stack volume to push price higher; the Bollinger band mouth is widening with a steep slope, and the 4H MACD histogram is still expanding. No clear influx of selling pressure is seen; the depth imbalance is tilted toward the buyers by 0.61%.
🎯 Direction: long
⚡ Entry/limit order: 2.26817 - 2.27500
🛑 Stop loss: 2.25225
🚀 Target 1: 2.30912
🚀 Target 2: 2.32619
🛡️ Trade management:
- Execution strategy: After reaching target 1, cut 50% position size, and move the stop loss up to break-even. If price drops back to the entry level, automatically exit to protect principal.
Spot funding rate is 0.0192% and relatively low, OI remains stable; the bullish structure hasn’t been broken in the short term, but this surge is happening fast—be wary of concentrated profit-taking release at high levels.
View live market 👇 $FOLKS
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