【$FOLKS Signal】Pullback to Long + 1H strong consolidation, preparing for a second surge

$FOLKS The 1H timeframe has experienced a massive rally and is now in a strong consolidation at high levels, building a platform between 1.43-1.46. A legendary 4H bullish candle confirms a trend reversal. The current price is above all EMA lines, indicating a clear bullish pattern. Open interest remains stable, funding rates are healthy, and there are no signs of major players offloading. This is a typical healthy consolidation after a rally.

🎯Direction: Long (Long)

🎯Entry/Order: 1.438 - 1.445 (Enter in batches near the current price)

🛑Stop Loss: 1.378 (Break below yesterday’s massive candle low, invalidating the bullish structure)

🚀Target 1: 1.520 (Previous high resistance zone)

🚀Target 2: 1.600 (Extension target after breaking previous high)

🛡️Trade Management:

- Position size suggestion: Standard position. The trend has been confirmed by the 4H large bullish candle, with a favorable risk-reward ratio.

- Execution strategy: After entering, if the price quickly rises to 1.52, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price pulls back and stabilizes around 1.43, consider adding a small position.

Deep logic: In the past 24 hours, the increase has exceeded 21%, but key factors are volume, price action, and open interest. The massive volume (9.24 million) occurred during the 4H breakout, followed by sideways movement with stable OI, indicating genuine capital inflow rather than pure speculation. The 1H RSI is around 65 and not overbought, leaving room for upward movement. Market depth shows buy orders below 1.44 are much thicker than sell orders above 1.452, providing strong support. This is a typical shakeout pattern after the main players build positions, waiting for a second breakout.

Check real-time market 👇 $FOLKS

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