Today's Potential Coin Recommendation: FOLKS Short Strategy Continues
Fundamental Weakness:
Social Controversy: After plummeting from $48 to $6, the community demands an explanation, questioning it as a pump-and-dump to coincide with unlocks. Token Unlock: There are small unlock events (3,850 FOLKS), seed investors and team begin linear release after a 12-month cliff. Concentrated Holdings: On-chain data shows the top 10 addresses hold 97.59% of supply, with the top address holding 93.98%, indicating extreme centralization.
Technical Advantages ⭐:
Multi-Timeframe Bearish: 1h RSI 31.3 (oversold), 4h RSI 27.8 (deeply oversold), 1d ADX 65.5 (strong downtrend). Price Structure: Current price $4.109 is far below EMA12 ($10.997) / EMA26 ($11.416). Contract Data: OI $29.7M (+2.33% 24h), funding rate +0.00125% (longs overly leveraged). Liquidation Risk: Below $3.71 accumulates $584K long liquidation, above only $20K short.
Short Proposal:
Entry Range: $4.10-4.20 (near current price) Stop Loss: $4.40 Target: $3.80 (close to liquidation cluster) Risk-Reward Ratio: 2.32:1 (excellent)
Recommendation Reason: Technical multi-timeframe bearish resonance + Fundamental controversy + High concentration selling pressure risk + Excellent R:R. $FOLKS #加密市场观察
