🚀 Coin $FOLKS (Folks Finance) is stabilizing above a major support level after a sharp 18% correction, paving the way for a strong bullish rebound! 🔥
🟢 Trend: Buy (LONG)
👉 Entry Zone: 2.220 - 2.310
🎯 Targets: 2.450 | 2.650 | 2.800
🛡️ Stop Loss: 2.130
📊 Technical indicators for coin $FOLKS on the hourly chart show excellent consolidation above the long-term support line of the moving average MA(99) at 2.235, following a steep drop of 18.82% from the local peak. With the RSI(6) dropping and stabilizing at a neutral level of 44.69, selling pressure has completely exhausted, providing buyers with an ideal opportunity to build long positions aimed at driving the price towards upper resistance levels at MA(7) and MA(25).
#FOLKS #FolksFinance #CryptoTrading #TechnicalAnalysis
🟢 Trend: Buy (LONG)
👉 Entry Zone: 2.220 - 2.310
🎯 Targets: 2.450 | 2.650 | 2.800
🛡️ Stop Loss: 2.130
📊 Technical indicators for coin $FOLKS on the hourly chart show excellent consolidation above the long-term support line of the moving average MA(99) at 2.235, following a steep drop of 18.82% from the local peak. With the RSI(6) dropping and stabilizing at a neutral level of 44.69, selling pressure has completely exhausted, providing buyers with an ideal opportunity to build long positions aimed at driving the price towards upper resistance levels at MA(7) and MA(25).
#FOLKS #FolksFinance #CryptoTrading #TechnicalAnalysis