$FOLKS The 1H level, after experiencing a 21% surge yesterday, is currently in a healthy pullback and consolidation phase. The key point is that the price is supported above the 1H EMA20 (1.445), and the 4H level has stabilized above the EMA50 (1.307), indicating a shift from a weak to a strong trend structure. Although the RSI on the 1H chart (67.4) is slightly high, it has not entered extreme overbought territory, leaving room for further upward movement. Market depth shows selling pressure concentrated in the 1.543-1.55 range; a breakout above this could open up space for further gains.

🎯Direction: Long (Long)
⚡Entry/Order: 1.535 - 1.545
🛑Stop Loss: 1.495
🚀Target 1: 1.620
🚀Target 2: 1.680
🛡️Trade Management:
- Position suggestion: Light position
- Execution strategy: When the price reaches 1.620, reduce position by 50% and move the stop loss to the entry price of 1.545. The remaining position aims for the second target; if the price falls below the moving stop loss, exit all positions. If the price drops directly below 1.535 after entry, consider exiting early and observing.
Market depth logic: Market signals indicate an upward trend, but open interest (OI) remains stable, ruling out pure short squeeze scenarios. It appears to be more like main capital controlling the rhythm through accumulation and upward push. The buy/sell ratio on the 1-hour chart reached 0.57 during the rally, showing strong active buying. Currently, the price is consolidating in the middle of yesterday’s large bullish candle, indicating a strong correction. Combined with the 4H candlestick closing consistently higher and breaking previous highs, bullish momentum is still building. The key risk is the resistance at the previous high of 1.58; a volume breakout is needed to confirm a new upward trend.
Check real-time market 👇#Gate广场发帖领五万美金红包 $FOLKS