【$FOLKS Signal】Long | Healthy Pullback After Volume Breakout

After completing a volume breakout on the 4H timeframe, the price is performing a healthy pullback above the key resistance turned support level. The market shows strong buying absorption with no signs of panic selling.

🎯 Direction: Long

🎯 Entry: 1.60 - 1.63

🛑 Stop Loss: 1.53 $FOLKS Rigid Stop Loss (

🚀 Target 1: 1.80

🚀 Target 2: 2.00

Hardcore Logic: 1) Price Action: Two consecutive volume-driven bullish candles on the 4H chart (volume > 1 million) broke through the previous consolidation zone upper boundary at 1.50, confirming institutional entry. Subsequently, the candles consolidated narrowly above the breakout level (1.45-1.65), indicating a healthy reset. 2) Data Validation: During the breakout, Taker Buy Volume dominated (is_taker_buying: true), and the buy/sell ratio (0.54-0.60) showed sustained buying pressure, not a short squeeze. Open interest (OI) remained stable, combined with positive funding rates, indicating orderly long position buildup rather than FOMO chasing. 3) Order Book Analysis: Sell walls are concentrated at 1.65 (447,000), and breaking this level will trigger short stops and open upward space. Strong support is provided by deep buy orders in the 1.625-1.64 range. The current pullback to the breakout zone's upper boundary offers a low-risk, high-reward entry point.

Trade here 👇 )

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