📊 Trading Analysis: $FOLKS
FOLKSUSDT
Perp
3.489
-3.83%
Structure & Levels to Watch
Price action suggests a potential liquidity sweep below key support, which could set up for a rebound. The key buy zone for a long entry is between $3.90 – $4.00.
Targets (if support holds):
▫️ TP1: $4.25
▫️ TP2: $4.55
▫️ TP3: $4.95
Risk Management:
Stop Loss: $3.72 (below the buy zone)
Scenario: Holding above $4.00 would favor bullish momentum. A failure to hold may lead to further consolidation before an upward move.