【$FOLKS Signal】Pullback to Long + 1H Strong Consolidation, Main Force Showing Signs of Support

$FOLKS The 1H timeframe, after a historically strong rally, is currently in a robust consolidation phase. The price is ranging around 1.435, with the 1H K-line holding above the EMA20 (1.3493), and EMA20 has significantly crossed above EMA50, establishing a short-term bullish alignment. The 4H timeframe has broken through previous consolidation zones with high volume, indicating a trend reversal to bullish. Currently, selling pressure is concentrated between 1.435 and 1.445. Once this is absorbed, the probability of a second upward attack is very high.

🎯Direction: Long (Long)

🎯Entry/Order: 1.428 - 1.432 (Gradually around current price)

🛑Stop Loss: 1.398 (Below the previous low on the 1H timeframe and EMA50 support)

🚀Target 1: 1.485 (Resistance near previous high)

🚀Target 2: 1.550 (Fibonacci extension level on the 4H timeframe)

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: 4H volume breakout confirmed, trend resonance, but intraday volatility is high, so avoid heavy positions).

- Execution strategy: After entering, if the price quickly hits Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. Hold the remaining position for Target 2. If the price stalls around 1.48, consider exiting all.

Deep logic: This rally is definitely not retail trader behavior. A single massive bullish candle on the 4H (volume increased tenfold) directly reverses the downward trend, which is a typical signal of main force entering. Although the current Open Interest (OI) trend shows 'stability,' the OI has not decreased after a significant price surge, indicating strong bullish confidence and not just short covering. The 1H RSI (64.12) is in a healthy, slightly strong zone, leaving room for further upside. The order book depth shows over 20,000 buy orders densely packed between 1.415 and 1.42, providing solid support for a pullback. Combined with a positive funding rate (0.0573%), market sentiment remains moderate, with no extreme FOMO, supporting healthy continuation of the trend.

Check real-time market 👇 $FOLKS

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