$FOLKS STRUCTURE REMAINS BEARISH WITH HEAVY OVERHEAD SELL PRESSURE đ
Entry: 2.57 - 2.63 đ„
Target: 2.47 - 2.41 - 2.35 đ
Stop Loss: 2.84 â ïž
The current recovery in $FOLKS is failing to reclaim key resistance, confirming that the recent move is merely a technical bounce rather than a trend reversal. We are seeing significant sell-side liquidity sitting at the 2.63 level, where trapped participants are actively offloading positions.
Volume profiles indicate a lack of conviction from buyers, suggesting the asset is primed for a liquidity sweep of the lower support zones. If the current structural support fails to hold, the downside volatility will likely accelerate. Are you positioning for the continuation of this downtrend?
Not financial advice. Always manage your risk.
#FOLKS #ShortSetup #MarketStructure #CryptoTrading
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