【$FOLKS Signal】Long - 1H breakout retest confirmation, main force clearly intends to support the market

$FOLKS The 1H timeframe experienced a 21% surge yesterday and is currently in a healthy retracement consolidation phase. The key point is that the price is supported above the 1H EMA20 (1.445), and the 4H level has stabilized above the EMA50 (1.307), indicating a shift from a weak to a strong trend structure. Although the RSI on the 1H chart (67.4) is slightly high, it has not entered extreme overbought territory, leaving room for further upward movement. Market depth shows selling pressure concentrated in the 1.543-1.55 range; a breakout above this zone could open up space for further gains.

🎯Direction: Long (Long)

⚡Entry/Order: 1.535 - 1.545

🛑Stop Loss: 1.495

🚀Target 1: 1.620

🚀Target 2: 1.680

🛡️Trade Management:

- Position size recommendation: Light position

- Execution strategy: When the price reaches 1.620, reduce position by 50% and move the stop loss to the entry price of 1.545. Hold the remaining position for the second target; if the price falls below the moving stop loss, exit all. If the price drops directly below 1.535 after entry, consider exiting early and observing.

Depth logic: Market logic indicates an upward trend, but open interest (OI) remains stable, ruling out pure short squeeze and suggesting that main capital is controlling the rhythm through accumulation and lifting. The buy/sell ratio on the 1H chart reached 0.57 during the rally, showing strong active buying. The current price is consolidating in the middle of yesterday’s large bullish candle, indicating a strong correction phase. Coupled with the 4H candlestick closing consecutively higher and breaking previous highs, bullish momentum is still building. The key risk is the resistance at the previous high of 1.58; a volume breakout is needed to confirm a new upward trend.

View real-time market 👇 $FOLKS

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