$FOLKS mega buy analysis here ๐
FOLKS/USDT Perp โ Long Buy Analysis (Based on Chart)
โ ๏ธ High Risk โ Newly dumped / high volatility pair
๐ Current Situation
Current price: ~15.50
24h drop: ~41%
Strong pump โ sharp dump (typical launch or hype move)
Price is now sitting near post-dump support zone
๐ Technical View
Timeframe: 1D (but intraday entries preferred)
Structure
Big bullish expansion earlier
Heavy profit-taking caused panic sell
Now trying to base above 13โ16 support zone
Key Levels
Strong Support: 13.0 โ 15.0
Immediate Support: 15.5 โ 16.0
Resistance 1: 20 โ 22
Resistance 2: 28 โ 30
Major Resistance: 40+
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๐ข Long Entry Plan (Safer)
Entry Zone (DCA recommended):
15.0 โ 16.00
Stop Loss (Strict):
Below 12.20 (daily close basis)
Targets
๐ฏ TP1: 17 โ 20
๐ฏ TP2: 25 โ 28
๐ฏ TP3: 40
๐ Confirmation Needed Before Heavy Long
โ Volume stabilization
โ Higher low on 15m / 1h timeframe
โ No strong rejection below 15
If price loses 13, structure breaks โ avoid long
๐ง Trading Advice
Use small position size
Prefer scalp or short swing
Avoid high leverage (max 5Xโ10x)
This is a speculative rebound trade, not spot holding