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$FOLKS The rebound is approaching a key resistance, and the upward momentum seems to be losing steam.
Go short immediately $FOLKS
Entry: 1.447 – 1.460
Stop loss: 1.465
First target: 1.414
Second target: 1.380
Third target: 1.340
This rebound is being suppressed by a series of strong downward-moving moving averages, indicating that buyers lack real control. Sellers may re-enter this critical zone as long as the price remains below these resistance levels, and the downward path is still the most likely to open up. Overall, the bias leans toward the sellers, and a retest of lower support levels is expected.
Trade $FOLKS here 👇