$FOLKS
FOLKSUSDT – 1H frame | Quick glance to understand the trade
Current price around 25.9 after a bounce from the bottom 23.x. The chart is in a slight sideways accumulation state, not breaking out completely but also not collapsing.
Quick assessment:
• Price is above EMA50 (~25.0) → short-term trend is still maintained.
• EMA100 (~22.0) is quite far → safe cushion below.
• MACD just popped above 0, momentum of the bounce is weak but there are signs of improvement.
• RSI ~49–51 → neutral, not overbought yet, still room to move forward.
• Long/Short ratio leans Long (~59%) → favors buyers but not too crowded.
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📌 Preferred scenario: LONG during the bounce
• Entry: 25.6 – 25.9
• TP1: 26.9
• TP2: 28.3
• TP3: 30.0 – 30.8 (old supply zone)
• SL: 24.9 (close 1H candle below EMA50)
➡️ This trade requires patience, taking the bounce within the range, no FOMO.
