【$FOLKSUSDT】Don't rush to buy the dip/chase the high, check this first
$FOLKS European opening rush period, price surged to 1.105 but buy-side depth shows obvious gaps, sell orders stacking from 1.111. Serious volume-price divergence on 4-hour chart, hurry to exit positions, new price highs but trading volume declining in steps, insufficient capital pushing momentum. MACD hourly death cross diverging downward, bullish momentum exhausted. Around 1.05 is dual support from EMA20 and previous dense trading zone, trend weakens if broken.
Current price around 1.105 light short position, stop loss p