$FOLKS / USDT – Long Liquidation After Rejection Near Highs
$FOLKS saw a $3.31K long liquidation at $1.6010, indicating rejection near a higher price zone. Buyers were unable to maintain momentum, leading to forced exits.
This shifts short-term control to sellers.
Potential Entry Zone:
$1.54 – $1.50
Downside Targets:
• Target 1: $1.45
• Target 2: $1.36
• Extended Target: $1.25
Protective Zone:
Stop-Loss: $1.66
A reclaim above this level would suggest renewed demand.
Market Bias: Short-Term Bearish
FOLKSUSDT
Perp
1.488
-3.56%
#FOLKS #CZAMAonBinanceSquare #USPPIJump #USGovShutdown #WhoIsNextFedChair