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$FOLKS Signal: Multiple pullbacks, 4H momentum still in play
$FOLKS Deep deviation -23.93%, buying pressure ratio only 0.61, selling pressure is obvious, but the 4H Bollinger Bands are opening upward, MACD remains positive.
1H MACD bullish momentum shrinking, short-term pullback expected.
Intraday strategy: buy on dips, enter around 1.550, set stop below 1.326.
Risk-reward ratio isn't great, but the trend inertia is still there, take advantage of a move to 1.655 to reduce positions in batches, target at 1.765.
🎯Direction: Long
⚡Entry/Order: 1.550 (recommended within the entry zone)
🛑Stop loss: 1.326
🚀Target 1: 1.655
🚀Target 2: 1.765
🛡️Trade management: - Execute strategy: after reaching target 1, reduce position by 50%, and move stop loss to break-even.
If the price falls back to the entry level, automatically exit to protect capital.
(Funding rate is 0.0557%, still acceptable, 1H RSI at 62, not overheated.
Place orders on dips, do not chase highs. )
Check real-time market 👇 $FOLKS
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