🔴STOP SCROLLING🔴📉 GRAVITY CHECK: $FOLKS REJECTED AT RESISTANCE 📉
👇 CLICK ON $FOLKS TO SHORT THE BOUNCE
⚠️ SNIPER DIAGNOSIS:
Trend Bearish.
FOLKS is trading heavy below the EMA 200 (dotted line). The market attempted a recovery but is failing to reclaim the trend. The recent long wick down to 3.800 revealed where the price wants to go. We are selling this weak bounce into resistance. 🔴📉
📉 SNIPER DATA ($FOLKS):
🔴 DIRECTION: SHORT (Sell the Rally).
🧱 ENTRY ZONE: 3.870 - 3.890 (Enter below the EMA).
🎯 OFFICIAL TARGETS:
✅ TP1: 3.853 (Immediate Support / Local Structure).
✅ TP2: 3.800 (Wick Lows / Liquidity Sweep).
🚀 TARGET: 3.700 (Full Extension / New Lows).
🛑 STOP LOSS:
SL: 4.039
THE SNIPER REPORT:
EMA Blockade: Look at the chart. The EMA 200 is sitting at 3.926, acting as a dynamic barrier. As long as the price is below this level, bears are in control.
Bearish Wicks: The chart shows long wicks to the downside, indicating aggressive selling pressure is waiting to push the price lower again.
👇 Shorting the weakness? Click on $FOLKS
