🚀 FOLKSUSDT is showing a strong breakdown below key moving averages on the 15m–1h timeframe, signaling a bearish continuation opportunity. The price has rejected the MA(25) at 5.103 and is trading well below the daily high of 7.683, with momentum fading.
Entry Point:
Consider short entries near 5.050–5.09 (below Mark Price of 5.073) for a bearish move.
Take Profit Targets:
TP1: 4.850
TP2: 4.650
TP3: 4.400
Stop Loss:
Place SL above 5.200 to protect against a fakeout above MA(25).
Volume is declining (MA5 Vol > Current Vol), indicating weakening bullish interest. The MA(7) at 4.929 could act as minor support—break below confirms further downside.
⚠️ Trade with caution. Always use proper risk management and adjust SL based on your strategy.
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FOLKSUSDT
Perp
5.029
-16.54%