【$FOLKS 信号】High volume at high level, price stagnates, waiting for a pullback to go long

$FOLKS RSI 4H soared to 71.79, buy depth ratio 0.38, sell order pressure twice that of buy orders. 1H Bollinger upper band touched at 1.645, then price retreated to 1.613, MACD histogram narrowed. Funding rate 0.0639% slightly high, OI stable, long position cost rising, short-term profit-taking increased.
🎯Direction: Long (wait for pullback to place orders)
⚡Entry/Order: Any price in the range 1.465 - 1.603, can place limit orders to wait for execution
🛑Stop loss: 1.426
🚀Target 1: 1.613
🚀Target 2: 1.620
🛡️Trade management: - Execute strategy: Reduce 50% when reaching target 1, move stop loss up to 1.465 to protect capital. If price falls back below 1.465, exit and observe.
When retesting the 1.465-1.603 zone, 4H EMA50 (1.4332) provides support, and 1H RSI will fall from overbought to neutral, forming a second entry opportunity. Currently, chasing longs at high levels offers poor risk-reward, waiting for a pullback is a safer choice.
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