【$FOLKS Signal】Pullback to buy + 1H strong consolidation, gathering strength for a second upward push

$FOLKS After a massive surge yesterday, the 1H timeframe has entered a strong sideways consolidation. The price is oscillating narrowly between 1.42-1.44, with the 1H EMA20 (1.3975) providing dynamic support. The 4H level remains above all moving averages, maintaining a bullish structure. Currently, the 1H RSI (57) is healthy, preparing for another upward move. The order book depth around 1.41-1.42 is unusually thick, indicating a clear intention by the main force to defend the price, rejecting a deep correction.

🎯Direction: Long (Long)

⚡Entry/Order: 1.420 - 1.425

🛑Stop Loss: 1.380

🚀Target 1: 1.480

🚀Target 2: 1.550

🛡️Trade Management:
- Position size recommendation: Standard position
- Execution strategy: When the price reaches 1.480, reduce position by 50% and move the stop loss to the entry price of 1.425. Hold the remaining position for higher targets. If the price pulls back and breaks below 1.425, exit all positions.

Depth Logic: The coin shows a single massive bullish candle on the 4H chart (9.24 million), a clear signal of main force entering. Subsequently, the price did not fall sharply but instead consolidated at high levels, with open interest (OI) remaining stable, indicating that long positions have not exited. This is a typical “bullish continuation” pattern. The buy order depth on the 1H chart is much greater than the sell side (depth imbalance -3.07%), with strong support below. Combined with a positive funding rate (0.0267%) that is not extreme, market sentiment is bullish but not overheated, indicating a healthy upward environment.

Check real-time market 👇 $FOLKS

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