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$FOLKS Long Liquidation Alert
$7.0611K Longs Liquidated at $5.70732
🚨 Market Insight:
FOLKS bulls took a hit as long positions were flushed at $5.70, indicating profit-taking near local highs. Market structure now tilts slightly bearish unless it reclaims $5.85 support-turned-resistance.
🎯 Targets:
TG1: $5.55
TG2: $5.32
TG3: $5.08
📊 Next Move:
If sellers maintain pressure, price may test lower liquidity zones. A recovery above $5.80 could shift sentiment back bullish otherwise, shorts hold the upper hand.
#FOLKS
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$FOLKS