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$FOLKS Signal: Broke above the upper Bollinger Band on the 1H chart, bulls continue
$FOLKSRSI On 1H, 78.46, the price has pierced the 1H upper Bollinger Band by 2.1997 and held steady above it. The 4H MACD histogram bars of 0.0302 continue to expand, with buy-side depth leaning bullish by 5.61%. The latest 1H candlestick traded 570k lots; buy-side is 0.55 higher, and funds actively pushed the price up.
🎯Direction: long
⚡Entry/limit order: 2.2133 - 2.2200
🛑Stop loss: 2.1978
🚀Target 1: 2.2533
🚀Target 2: 2.2700
🛡️Trade management: - Execution: after reaching Target 1, cut 50% position, and move the stop loss up to break-even. If price falls back to the entry zone, exit automatically to protect principal.
Current risk-reward is 1.5, with stop-loss distance of about 0.8%. For short-term trading, profit and loss is still acceptable. Chasing longs in the overbought area should watch the speed of any pullback, but since funds are still steadily pushing up, this short-term setup can be entered decisively.
View live prices 👇 $FOLKS
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