📌 $FOLKS — Sharp Bounce, But Is Momentum Real?
Price is rebounding from the 6.5 support zone, but overall structure remains weak under major MAs.
📍 Entry (short): 7.45–7.60
🎯 TP1: 6.90
🎯 TP2: 6.30
🛑 SL: 8.05
DYOR & manage your risk.
The chart shows a strong rejection from 10.94, followed by a consistent downtrend. Price is still below MA25 and MA99, meaning bearish pressure dominates. RSI is mid-range (not oversold), leaving room for a downward move. Volume also decreasing, showing weak upside conviction. This setup favors a short on retest of resistance.
#crypto #altcoins #trading #futures $FOLKS
FOLKSUSDT
Perp
7.897
+13.31%
BTCUSDT
Perp
86,282.4
+2.38%