$FOLKS SHOWING CLEAR BEARISH REJECTION AT LOCAL RESISTANCE ๐Ÿ“‰

Entry: 2.74 - 2.80 ๐Ÿ”ฅ

Target: 2.50, 2.25, 1.97 ๐Ÿš€

Stop Loss: 3.19 โš ๏ธ

The asset is currently printing a series of lower highs following a sharp rejection at the 3.18 level. This structure indicates that buyers are exhausted and sellers are aggressively defending the overhead supply zone.

With volume shifting toward the downside, the current price action suggests a high probability of a move toward the 2.50 liquidity pocket. We are monitoring the 2.74 support level closely for a definitive breakdown. Do you expect a retest of the lower demand zones or a consolidation phase first?

Not financial advice. Always manage your risk.

#FOLKS #ShortSetup #MarketStructure #Crypto #TechnicalAnalysis

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