【$FOLKS Signal】Pullback to Long + 1H strong consolidation, gathering strength for a second upward move

$FOLKS The 1H timeframe experienced a massive surge yesterday and is currently consolidating strongly at high levels. The price is oscillating narrowly between 1.41-1.42, with the 1H EMA20 (1.391) providing dynamic support, and the 1H RSI (55.95) remaining in a neutral to slightly strong zone, with no obvious signs of exhaustion. Looking at the 4H timeframe, a huge bullish candle (+23%) yesterday directly reversed the downward trend. The current candlestick is pulling back for confirmation, open interest (OI) remains stable, indicating that profit-taking pressure is manageable and major players have not exited. Sell orders (1.413-1.418) are stacked on the order book, but buy orders (1.41-1.40) are also substantial. The depth imbalance of -4.6% shows intense battle between bulls and bears, but the price remains firm, leaning towards bullish accumulation.

🎯Direction: Long (Long)

⚡Entry/Order: 1.405 - 1.410

🛑Stop Loss: 1.370

🚀Target 1: 1.480

🚀Target 2: 1.550

🛡️Trade Management:
- Position suggestion: Light position
- Execution strategy: When the price reaches 1.480, reduce position by 50% and move the stop loss to the entry price of 1.410. Hold the remaining position to aim for the second target. If the price falls below 1.410, exit unconditionally.

Depth logic: Yesterday’s 4H volume exceeded $9 million USD, a typical capital-driven breakout. Stable open interest indicates this is not just a short squeeze but genuine capital involvement. Currently, the 1H volume is decreasing and consolidating, a typical continuation pattern. The 1H EMA50 (1.315) has crossed above the 4H EMA20 (1.302), indicating the short-term trend is stronger than the medium-term, forming a resonance support. The risk is that if the price cannot quickly break through the sell pressure zone at 1.42-1.43, it may enter a longer period of consolidation.

View real-time market 👇 $FOLKS

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