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【$FOLKSUSDT】Don't Rush to Bottom Fish/Chase the High, Check This First
$FOLKS European opening sprint period, price surged to 1.105 but buy-side depth shows obvious gaps, sell orders stack up starting from 1.111. Serious volume-price divergence on the 4-hour timeframe, time to exit positions—price at new highs but trading volume shrinking in a stepped pattern, insufficient fund-pushing momentum. MACD hourly death cross diverging downward, bullish momentum exhausted. Around 1.05 is a double support from EMA20 and previous dense trading zone; if broken, trend weakens.
Current price around 1.105, light short position for testing, stop-loss placed above 1.128. First target watching 1.05 support test, if broken then look at 1.0 round number level. Risk-reward ratio acceptable, but European trading session liquidity usually amplifies volatility, need to be alert to false breakouts.
View real-time charts 👇 $FOLKS
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