【$FOLKS Signal】Pullback to Long + 1H strong consolidation, waiting for a second upward push

The 1H timeframe entered a strong consolidation after yesterday's large bullish candle, with the price staying close above the EMA20$FOLKS 1.419(, rejecting a deep correction. The 4H timeframe has broken out of the previous consolidation range, indicating a trend reversal to bullish, currently a healthy pullback. Open interest remains stable, prices are firm, and there are clear signs of main force support, which is a typical bullish continuation pattern.

🎯Direction: Long )Long(

⚡Entry/Order: 1.450 - 1.460

🛑Stop Loss: 1.420

🚀Target 1: 1.520

🚀Target 2: 1.580

🛡️Trade Management:
- Position size recommendation: Standard position
- Execution strategy: When the price reaches 1.520, reduce position by 50% and move the stop loss to the entry price of 1.460. Hold the remaining position for higher targets; if the price pulls back to 1.460, exit all.

Depth logic: The 4H timeframe has formed a bullish engulfing pattern, confirming a reversal from the low of 1.306. The RSI on the 1H timeframe is at 59.42), in a healthy zone, with room for another upward move. Market depth data shows buy-side depth (bid_ask_ratio_depth: 1.19) is better than sell-side, with strong support in the 1.450-1.460 range (see order book bids), making it an ideal entry point for a pullback long. The funding rate of 0.0065% is positive but not high, indicating no overheating risk. Combined with rising prices and stable open interest, this suggests a healthy upward movement driven by main force.

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