James - Pump Trading
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Bearish
📉 $FOLKS
• Trading Plan (Short):
• Entry: $16.550 - $16.800
• Stop Loss (SL): $17.850
• Take Profit (TP): $16.084 and $15.500
• Outlook: Failure to hold $16.583 (EMA 20) will likely push FOLKS down to retest the $16.084 low (EMA 50 level). A break below that level targets the $15.200 region
• Key Resistance/Support: The previous high at $17.400 is acting as a strong dynamic ceiling, consistently rejecting price movements after the initial breakout attempt. The EMA 20 at $16.583 is the immediate support level.
• Indicators:
• RSI (6) is at 35.411, which means RSI has room to fall further towards oversold levels, confirming a potential downward move (correction).
$ZEC $PIPPIN
{future}(PIPPINUSDT)
{future}(ZECUSDT)
{future}(FOLKSUSDT)
• Trading Plan (Short):
• Entry: $16.550 - $16.800
• Stop Loss (SL): $17.850
• Take Profit (TP): $16.084 and $15.500
• Outlook: Failure to hold $16.583 (EMA 20) will likely push FOLKS down to retest the $16.084 low (EMA 50 level). A break below that level targets the $15.200 region
• Key Resistance/Support: The previous high at $17.400 is acting as a strong dynamic ceiling, consistently rejecting price movements after the initial breakout attempt. The EMA 20 at $16.583 is the immediate support level.
• Indicators:
• RSI (6) is at 35.411, which means RSI has room to fall further towards oversold levels, confirming a potential downward move (correction).
$ZEC $PIPPIN
{future}(PIPPINUSDT)
{future}(ZECUSDT)
{future}(FOLKSUSDT)
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