【$FOLKS Signal】Long + 4H volume breakout, main force supports the market and shorts are squeezed

$FOLKS The 4H level has just completed a volume breakout, with the price hitting a recent high, gaining over 18% intraday, showing strong momentum. Although there is no data at the 1H level, the 4H candlesticks have closed bullishly consecutive days, indicating active buying and stable open interest at around 2.05 million, suggesting that funds have not exited. This is a typical "rising price + stable OI" main force support structure. The current price is close to the ask at the order book, facing short-term selling pressure, but solid buy depth below provides an opportunity for a pullback.

🎯Direction: Long (Long)

🎯Entry/Order: 1.380 - 1.385 (Pullback entry)

🛑Stop loss: 1.345 (Break below previous 4H low and EMA50 support)

🚀Target 1: 1.450 (Resistance area at the previous daily level)

🚀Target 2: 1.520 (Higher resistance at the daily high)

🛡️Trading management:

- Position suggestion: Light position (Reason: Intraday gains are large, volatility is extremely high, and profit-taking should be cautious)

- Execution strategy: After entering, if the price quickly hits 1.45, reduce position by 50% at that level, and move the remaining stop loss up to the entry price of 1.385. If the price cannot hold above 1.40 and falls back into the lower part of the entry zone, consider exiting and observing.

Depth logic: Market logic indicates "price rising, please consider whether main force is entering or shorts are being squeezed" based on open interest. Currently, OI is stable, and the price is strong, which is more consistent with main force support. RSI 14 is at 68.05, in a strong zone but not overbought, leaving room for further upside. The order book depth imbalance is -25.24%, with sell orders significantly larger than buy orders, often indicating stop-loss or profit-taking sell orders above. Once bought through, it can trigger a quick short squeeze and rapid rise. Combined with positive funding rates, shorts face risk of being squeezed.

View real-time market 👇 $FOLKS

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #加密市场反弹