The charts are turning a lovely shade of green today. Yet, $FOLKS stands out with a 50% plunge into hell.
Folks Finance enjoyed a glorious pump this week to almost $50.
But now it fell to $11.
It is still up 440% on launch price so early buyers are happy.
The fall is probably just profit taking after a huge rally. However, the critical support at $23 needs to be recovered soon.
The recent #folks roadmap hasn't inspired market confidence. Look for a climb back to that support level for the feel good factor😋
Update _ couple of small green candles since my post but still too soon to say if it bottomed🙏
Update 2 - just fell to 11.26 and I bought a little as I feel it could be the bottom😵💫
