$FOLKS Signal】Going long + 1H pullback support buy orders to provide downside support


$FOLKS The 1H RSI slipped from the 70 zone to 60.9. Buy orders in one tranche have been stacked with thick placed orders, with a depth imbalance of 7.38%. The 4H MACD histogram bars at 0.0334 are still expanding. There is a 1H dead cross, but volume momentum has weakened. Price has been ranging at 2.19–2.20, while a barrier is formed at 2.175, the previous day’s low. The funding rate at 0.005% is neutral, with no signs of longs being crowded. Under this structure, quickly cutting losses to play a rebound is acceptable in terms of risk-reward.

🎯 Direction: Go long

⚡ Entry / 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 break-even. If price falls back to the entry area, automatically exit to protect principal.

View real-time quotes 👇 $FOLKS
---
Follow me: Get more real-time crypto market analysis and insights! $BTC $ETH $SOL
#PreIPOs第二期OpenAI认购 #Gate6月透明度报告 #美国核心CPI未达预期
FOLKS5.40%
BTC3.68%
ETH5.36%
SOL2.16%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned