$FOLKS
The chart structure shows strong upside momentum, with price breaking above recent consolidation and holding firmly near the upper band of the move. The sequence of higher lows and expanding volume indicates buyers maintaining control after a decisive push from deeper support levels.
The pullback toward mid-range levels suggests a healthy retracement, positioning the market for a potential continuation to the upside if buyers defend structure.
📈 TECHNICAL OUTLOOK
Market structure remains bullish with higher lows forming beneath the breakout zone.
Volume expansion on upward moves signals increasing trader participation in the bullish direction.
Failure of sellers to push beneath recent support confirms continued strength.
🎯 LONG ENTRY SETUP
Entry: Above current consolidation zone
Targets:
TP1: First resistance zone above breakout
TP2: Next structural high
TP3: Extended target toward upper resistance band
Stop Loss: Below recent swing low / structure support
📌 RISK MANAGEMENT
Use position sizing (1–3% risk per trade), keep SL fixed, avoid over-leveraging, and adjust targets only after confirmation of momentum continuation.
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