$FOLKS Is this wave of decline still going to be bearish?
Important things Sister Yu says three times: bearish, bearish, still bearish.
On the 14th, still at 46 dollars FOLKS, in just three days it directly crashed to around 7 dollars, do you still think this trend is a 'normal correction'?
The main players have already cleaned out the chips at high positions, and now only retail investors are catching the falling knives.
At this current position, 7 dollars is the key defense line. Once it cannot hold, the next step will look directly at 6.6, and every time a support level is broken, it accelerates downward.
Sister Yu is preparing to hold long-term with fans this time. As long as the downward trend is not over, the short position should be held; as support continues to be lost, the market will continue to move down.
This wave is not a bottom-hunting market; it is a typical continuation of the downward trend. Those who understand the market only need to be patient, hold the short position steadily, and wait for Sister Yu's profit-taking notice.
