🦅 GRAVITY CHECK: $FOLKS OVEREXTENDED & REJECTING 📉
👇 CLICK ON $FOLKS TO SHORT THE PARABOLA
⚠️ SNIPER DIAGNOSIS:
The Rubber Band is stretching.
FOLKS has gone vertical, leaving the institutional baseline far behind. We are now hitting the major Supply Wall, and the exhaustion signs are visible.
Supply Zone Defense: The price pushed into the 1.480 - 1.500 area (Beige Box) and immediately printed red candles. This is a classic "Bull Trap" at resistance.
Massive Deviation: The EMA 200 (dashed line) is currently sitting down at 1.349. The price is trading at 1.470. This gap is unsustainable. The market must "mean revert" to close this inefficiency.
📉 SNIPER DATA ($FOLKS):
🔴 DIRECTION: SHORT (Sell the Extension).
🧱 ENTRY ZONE: 1.470 - 1.485 (Enter at current market price / Box Test).
🎯 OFFICIAL TARGETS:
✅ TP1: 1.445 (First Local Support / Quick Scalp).
✅ TP2: 1.350 (EMA 200 Reunion / The Magnet).
🚀 TARGET: 1.220 (Structural Reset / Full Retracement).
🛑 STOP LOSS:
SL: 1.639
THE SNIPER REPORT:
The Logic: We are fading the euphoria. The buyers are exhausted at the top, and the "Smart Money" is likely offloading bags here.
The Setup: A return to the EMA 200 alone offers a massive R:R ratio. We simply bet on the price needing to breathe.
👇 Playing the gravity? Click on $FOLKS
