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$FOLKS USDT Bullish Breakout and Accumulation Setup Forming After Consolidation
The FOLKSUSDT perpetual chart shows a clear accumulation phase transitioning into a bullish impulse. Recent price action includes an impulse move from 3.593 to 4.047, a pullback to the 3.940 zone, and a tight consolidation range between 3.836 and 3.940, indicating buyer accumulation near support.
Key Levels
Support zone: 3.830 – 3.860
Breakout trigger: Close above 3.962 with volume confirmation
Major resistance: 4.047, then 4.129
Long Trade Plan
Entry range: 3.950 – 3.962 on a confirmed breakout above 3.962
TP1: 4.010
TP2: 4.047
TP3: 4.129
Stop loss: 3.820
Market Sentiment
The rising 24h volume signals strong buyer interest during the breakout. Moving averages align bullishly, showing a momentum shift from sellers to buyers. Confirmation requires a sustained candle close above 3.962 with increased volume.
Trading Signal: BUY FOLKSUSDT on breakout above 3.962, target TP1 to TP3, stop loss 3.820. Confirmation is a volume-boosted close above the trigger.
$FOLKS
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