$FOLKS saw long positions liquidated at $5.34671, a clear sign of exhaustion after an aggressive upside push. Buyers lost control quickly, which tells us the move was driven by leverage rather than strong spot demand.
EP (Entry Price):
$5.25 – $5.15 range
TP (Take Profit):
TP1: $4.95
TP2: $4.70
TP3: $4.45
SL (Stop Loss):
$5.48
Trend is losing strength and momentum has flipped short-term bearish. Previous support is now acting as resistance. Until $5.48 is reclaimed and held, downside remains the higher-probability path.
FOLKSUSDT
Perp
5.328
+6.05%
