$FOLKS /USDT Short Trade Setup ๐Ÿ”ป๐Ÿ“‰

FOLKS SHOWING WEAKNESS AFTER A SPIKE โ€” SELL PRESSURE BUILDING!

FOLKS is trading around $4.425 (+8.99%), but momentum appears to be fading after a strong upward rally. Sellers are stepping in at the top, leading to a series of lower highs and weak follow-through buying โ€” indicating a potential short-term retracement.

๐Ÿ“Š Trade Setup (Short Bias):

Entry Zone: $4.42 โ€“ $4.48

Target 1: $4.05

Target 2: $3.85

Target 3: $3.75

Stop Loss: $4.84

๐Ÿ“‰ Market Outlook:

The rejection from the $4.80โ€“$5.00 zone suggests exhaustion in buying pressure. If the price breaks below $4.35, we may see a quick drop toward $3.75 support. Volume patterns also hint at distribution rather than accumulation.

โšก Pro Tip:

Watch the $4.40 support closely โ€” a decisive red candle close below it confirms bearish continuation.

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