📉 SKY HIGH REJECTION: $FOLKS HITS THE CEILING 📉
👇 CLICK ON FOLKS TO SHORT THE SPIKE
⚠️ SNIPER DIAGNOSIS:Liquidity Raid.$FOLKS has just printed a massive vertical green candle, pushing price aggressively to ~3.633. This type of parabolic move without consolidation is rarely sustainable. We view this as a "Stop Run" to clear out early shorts before the real trend resumes. The price is now extended far above the EMA 200 (at 3.506), and gravity is about to kick in. 🔴🦅
📉 SNIPER DATA ($FOLKS):🔴 DIRECTION: SHORT (Fade the Pump).🧱 ENTRY ZONE: 3.630 - 3.650 (Sell the exhaustion spike).
🎯 OFFICIAL TARGETS:
✅ TP1: 3.580 (Immediate Pullback / 50% Retrace).
✅ TP2: 3.506 (EMA 200 Revisit / Mean Reversion).
🚀 TARGET: 3.420 (Range Low / Full Reset).
🛑 STOP LOSS:SL: 3.800
THE SNIPER REPORT:
Parabolic Exhaustion: Look at the chart. The latest candle is a vertical line straight up. Smart money sells into this strength, they do not buy here.
Mean Reversion: The dashed line (EMA 200) is far below at 3.506. The elastic is stretched to the breaking point. The market must rotate back down to reconnect with its average.
👇 Fading the trap? Click on $FOLKS
