After a breakout with increased volume, the $FOLKS 1H chart is currently in a healthy pullback confirmation phase. The price is consolidating around 1.538, and the 1H EMA20 (1.4566) has become strong dynamic support. The 4H chart shows three consecutive bullish candles, breaking through the previous consolidation range and indicating a bullish trend. Market logic suggests further price increases, and combined with stable open interest, this appears more like major players entering the market rather than a simple sell-off, building momentum for a subsequent rally. 🎯 Direction: Long ⚡ Entry/Pending Orders: 1.530 - 1.535 (in batches near the current price) 🛑 Stop Loss: 1.485 🚀 Target 1: 1.620 🚀 Target 2: 1.700 🛡️ Trade Management: - Position Sizing Recommendation: Standard Position - Execution Strategy: After the price reaches 1.620, reduce the position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price of 1.535. If the price fails to hold above the 1H EMA20 and falls below 1.520, consider exiting the position early. Depth Logic: The order book depth imbalance reaches 16.47%, with the buy (Bid) depth significantly exceeding the sell (Ask) depth, indicating strong support below. The 1H RSI (64.45) is in a healthy strong zone, not yet overbought, suggesting further upside potential. The 4-hour chart shows the price has stabilized above all EMA moving averages, indicating a bullish structure. With a funding rate of only 0.005% and no overheated selling pressure, the bullish momentum is likely to continue. View real-time quotes 👇$FOLKS {future}(FOLKSUSDT) --- Follow me for more real-time crypto market analysis and insights! #Lobster #meme #robo @BinanceSquareCN $ETH {future}(ETHUSDT) {future}(BTCUSDT)
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