$FOLKS 1H level, after experiencing a volume breakout, is currently in a healthy pullback confirmation stage. The price is consolidating around 1.538, and the 1H EMA20 (1.4566) has turned into a strong dynamic support. The 4H candles have closed with three consecutive bullish (positive) candles, breaking through the previous consolidation platform, indicating a trend reversal to bullish. Market logic suggests the price will rise, and combined with stable open interest, this looks more like institutional entry rather than purely short covering, setting the stage for a subsequent rally.

🎯Direction: Long (Long)
⚡Entry/Order: 1.530 - 1.535 (gradually around current price)
🛑Stop Loss: 1.485
🚀Target 1: 1.620
🚀Target 2: 1.700
🛡️Trade Management:
- Position size recommendation: Standard position
- Execution strategy: When the price reaches 1.620, reduce position by 50% to lock in profits, and move the stop loss on the remaining position up to the entry price of 1.535. If the price fails to hold above the 1H EMA20 and drops below 1.520, consider exiting early.
Depth logic: The order book depth imbalance reaches 16.47%, with bid depth significantly thicker than ask, indicating strong support below. The 1H RSI (64.45) is in a healthy strong zone, not overbought, leaving room for further upward movement. The 4H price has stabilized above all EMA lines, indicating a bullish structure. Funding rate is only 0.005%, with no excessive selling pressure, which is favorable for continued bullishness.
View real-time market 👇#Gate广场发帖领五万美金红包 $FOLKS