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【$FOLKS Signal】1H/4H long momentum continues; watch for a breakout
$FOLKS 4H Bollinger upper band 2.1769 has just broken through, and the 1H MACD histogram is still expanding but the slope is slowing. Sell-order depth on the order book is slightly greater than buy depth, and the funding rate is stable at 0.005%. Intraday gain is 18%, and short-term profit-taking orders are piling up.
🎯Direction: long
⚡Entry/limit orders: 2.21833 - 2.22500
🛑Stop loss: 2.20275
🚀Target 1: 2.25838
🚀Target 2: 2.27506
🛡️ Trade management:
- Execution strategy: After reaching Target 1, cut 50% off, and move the stop loss up to breakeven. If price falls back to the entry level, auto-exit to protect principal.
Current reward-to-risk is 1.5; the short-term trade-off is still acceptable. The 1H RSI at 64.7 has not exceeded overbought levels, so there may still be room for a push higher, but be cautious of a false breakout pullback.
View live market 👇 $FOLKS
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