⛔ STOP. PAUSE. FOCUS ON $FOLKS 👀

$FOLKS — A Simple, Honest Market Read

$FOLKS has suffered a sharp breakdown, similar to what we saw earlier with $MYX and $COAI📉

Parabolic run, weak structure underneath, followed by aggressive distribution — that’s the current setup.

From here, two scenarios matter:

🔻 Scenario 1: Selling pressure persists, price grinds lower toward $1 or even $0.50.

🔺 Scenario 2: If this move was driven by panic and liquidations, a sharp relief bounce is possible.

A recovery toward the $25–$40 zone only comes if strong buyers step in.

⚠️ Right now, risk is elevated.

No high-confidence long. No clean short.

🎯 Best strategy? Patience.

Let price confirm direction before committing capital.

FOLKSUSDT

Perp

7.748

-29.27%