$FOLKS — Rejecting Highs, Structure Still Intact ⚖️📊
$FOLKS is trading around $3.97 (-3.1%) after a sharp push toward $4.03, where sellers stepped in. The rejection looks more like healthy profit-taking than panic selling, as volume cooled after the spike.
Price is still hovering near short-term EMAs, suggesting buyers haven’t fully lost control yet.
Key Levels to Watch 👀 🔹 Support: $3.95 – $3.93
🔹 Deeper Support: $3.88 – $3.85
🔹 Resistance: $4.03 – $4.05
Momentum has slowed after the rejection, placing the short-term trend in a neutral → slightly bullish zone.
Trade Outlook 🎯 ✅ Hold above $3.93 + reclaim $4.05 with volume → continuation toward $4.20
⚠️ Lose $3.88 → pullback risk toward $3.80 before next upside attempt
This looks like digestion after a spike, not a trend reversal — structure remains alive.