๐ DOUBLE BLOCK: $FOLKS REJECTED AT THE GATES ๐
๐ CLICK ON $FOLKS TO SHORT THE RESISTANCE
โ ๏ธ SNIPER DIAGNOSIS:
No Access Granted.
FOLKS is staging a recovery attempt, but it just hit a massive "Do Not Enter" sign.
Supply Zone: The beige box (~3.530 - 3.570) represents a heavy cluster of sell orders.
EMA Barrier: The EMA 200 (dashed line at 3.556) is perfectly aligned with this box, reinforcing the resistance.
The price is wicking into this area and failing to close above it. When price fails at the EMA and a Supply Zone simultaneously, the result is usually a sharp rotation down. ๐ด๐งฑ
๐ SNIPER DATA ($FOLKS):
๐ด DIRECTION: SHORT (Fade the Resistance).
๐งฑ ENTRY ZONE: 3.535 - 3.560 (Sell the EMA/Box test).
๐ฏ OFFICIAL TARGETS:
โ
TP1: 3.499 (Immediate Support / Psychological Level).
โ
TP2: 3.400 (Structural Low / Breakdown Point).
๐ TARGET: 3.300 (Range Bottom / Liquidity Sweep).
๐ STOP LOSS:
SL: 3.800
THE SNIPER REPORT:
The Ceiling: Look at the chart. The beige box is blocking all upward momentum. The candles are struggling to stay green inside this zone.
Trend Guard: The dashed line (EMA 200) is trending downwards. As long as the price stays below this line, the bears are defending the trend.
๐ Playing the rejection? Click on $FOLKS
#folksusd #CapitalFlow