$FOLKS Good morning everyone. I would like to share my personal judgment on this coin from yesterday.
Since the volume of the previous day's decline did not increase, I judged that there would not be a significant rebound.
The situation reflected yesterday was that after falling to 3.8, it shot up to 6.1 in one go. (This kind of rise was accompanied by a decline.)
Later, I did some analysis using Doubao, and if 6.1 does not break through, it will test the bottom again.
Doubao actually mentioned several scenarios. The first scenario is oscillation between 4.8 and 5.4.
The second scenario he mentioned is that it will test the bottom again.
He particularly emphasized one point, which is due to the oversold condition. Therefore, the rebound space is limited, and it is possible that it will create a new low.
Here, I would also like to mention that if it does create a new low, the spot price is 2.18.

