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【$FOLKS Signal】Long setup in place: 4H MACD spreading upward + 1H pullback stabilizing
$FOLKS RSI 4H 66.7, funding rate 0.005%, bulls controlling the market. 1H MACD forms a death cross but price hasn’t broken below EMA20; buy-side depth is 1.16, with dense limit orders below. 4H Bollinger upper band 2.2048, middle band 1.9627; price is only 1.8% away from the upper band.
🎯Direction: long
⚡Entry/limit orders: 2.19041 - 2.19700
🛑Stop loss: 2.17503
🚀Target 1: 2.22996
🚀Target 2: 2.24643
🛡️Trade management:
- Execution strategy: After reaching target 1, reduce position size by 50% and move the stop loss up to the breakeven point. If price drops back to the entry range, automatically exit to protect principal.
1H volume is decreasing, and short-term bearish momentum is exhausted. OBV is in sync with price, and capital has not left the market. Risk-reward ratio is 1.5, worth a shot.
View live quotes 👇 $FOLKS
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