$FOLKS is on my radar because the recent upside move feels engineered to grab liquidity rather than start a real trend. Price pushed above the prior range, tapped buy-side liquidity, and then immediately started losing momentum. That usually signals exhaustion, not strength.
Market read
I’m seeing buy-side liquidity swept above the recent highs, followed by hesitation and shallow follow-through. Structure still looks corrective and heavy, with no clean acceptance above resistance. As long as FOLKS stays below the range high, the bias remains for a move back down.
Entry point
I’m shorting around the $1.57 – $1.62 zone.
This area lines up with prior rejection and gives a clean risk-to-reward if sellers step back in.
Target points
TP1: $1.52
TP2: $1.45
TP3: $1.36
These targets sit at previous demand zones and untouched liquidity resting below.
Stop loss
$1.67
If price accepts above this level, the setup is invalid and I’m out without hesitation.
How it’s possible
Price swept buy-side liquidity, failed to build acceptance higher, and started rolling over. That’s usually where momentum quietly shifts back to sellers. If weakness continues, lower liquidity becomes the natural magnet.
I’m calm, I’m patient, and I’m following the structure — not emotions.
Let’s trade what the chart is offering. $FOLKS
#BitcoinETFWatch #USPPIJump #CZAMAonBinanceSquare #MarketCorrection #PreciousMetalsTurbulence