Trade Setup: $FOLKS /USDT (Long)

Entry Strategy:

Momentum Breakout Entry: Enter near the current price (1.408) or on a confirmed 15-minute candle close above the local high of 1.413. This plays the immediate momentum as it seeks price discovery above the 24h high.

Pullback Entry (Safer): Place buy limit orders in the 1.350 - 1.370 zone. This area acted as a brief consolidation block before the most recent upward impulse and should now act as immediate support if the price faces a minor rejection at the high.

Take Profit (TP) Targets:

TP1: 1.450 (Immediate psychological resistance and a reasonable measured move for a 15m scalp).

TP2: 1.500 (Major psychological round number).

TP3: 1.522 (Aligns with the top visible grid line on your chart's y-axis for an extended run).

Stop Loss (SL):

Tight SL: 1.340. This rests just below the base of the most recent impulsive green candles. If the price breaks below this, the immediate 15m bullish momentum is stalled.

Structural SL: 1.290. Placed below the previous higher low. A drop below this level completely invalidates the current 15-minute uptrend structure.

Technical Rationale

Market Structure: The chart shows a textbook stair-step pattern of higher highs and higher lows. After bouncing from the 1.222 region, it built a solid base around 1.297 before initiating the current markup phase.

Momentum: With an 18.32% gain and consecutive strong green candles pushing into the 1.413 resistance, buyers are clearly in control.

Timeframe Consideration: Because this is a 15-minute chart, setups will play out much faster than the 1-hour or 4-hour charts. Active trade management (like moving your stop loss to breakeven once TP1 is hit) is crucial here to protect capital against sudden lower-timeframe volatility.

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