$FOLKS Signal】Long + 1H Breakout and Pullback Confirmation, Main Force Clearly Intends to Support the Market


$FOLKS The 1H timeframe is strongly consolidating above EMA20 (1.407), just closed above 1.457 and is testing the intraday high. The 4H timeframe has broken through the previous consolidation range, with a successful pullback confirming support, and momentum is building.
🎯Direction: Long (Long)
⚡Entry/Order: 1.455 - 1.458
🛑Stop Loss: 1.425
🚀Target 1: 1.520
🚀Target 2: 1.600
🛡️Trade Management:
- Position Size Recommendation: Standard Position
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to entry level 1.458. The remaining position aims for Target 2. If the price falls below 1H EMA20 (1.407), exit all positions.
Depth Logic: The price surged 17% intraday, but open interest remains stable, indicating the rally is not driven by short covering but genuine buying support. Market depth shows accumulation of sell orders at 1.458-1.460; breaking through this range will open up space. The 1H RSI (60.55) is healthy, not overbought, with further upward momentum. The 4H timeframe has stabilized above all moving averages, indicating a bullish trend.
Check real-time quotes 👇 $FOLKS
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