Strong rejection after impulsive pump, signs of local top forming

$FOLKS SHORT

Entry Zone

$1.24 $1.27

Stop Loss

$1.31

Take Profit

TP1 $1.18

TP2 $1.14

TP3 $1.10

Why this setup

Price made a sharp bullish move and now showing rejection with upper wicks near resistance. Momentum is slowing and a pullback toward lower support levels is likely if price stays below $1.27.

Buy and Trade $FOLKS 👇

FOLKSUSDT

Perp

1.093

-3.70%