The price of FOLKS is currently in a strong bullish trend after a significant breakout accompanied by a surge in volume. The structure is still healthy, but the current price position is already quite high, so FOMO is not recommended.
⚠️ Current Condition
Momentum is still up, but short-term overbought. A slight correction is very normal before continuing the rise.
Important Technical Areas
Main Support: 36 – 37
Nearest Resistance: 44 – 46
Trading Plan (High Probability)
Entry (Buy on Pullback)
36 – 37
Take Profit
TP1: 41
TP2: 44
TP3: 46
Stop Loss
SL: 33.9
Conclusion
The trend is still bullish, the best strategy is to wait for a correction to the support area and then enter following the trend direction. Risk management is still mandatory, avoid entry when the price has already risen high.
$FOLKS
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