🔥$FOLKS The fluctuations are severe now, clearly dominated by bears!
Trading volume: Huge sell-off during the crash (from 7.07 plummeting to 5.13, over 55 million), real money is being sold. Latest candlestick? Volume is shrinking——the bears may soon run out of ammunition.
Capital flow: Net outflow across the board, 24h plummeting 21 million, 4h outflow 10 million. Major institutions are selling off, it's a done deal.
Overall view: Cautiously bearish——capital outflow + sell-off volume, firmly holding the downward channel.
Short selling suggestion: Short on rebounds at high $FOLKS, best entry is at the resistance zone of 6.5-6.7. Aggressive traders should wait for a break of 5.8 with volume confirmation before following.
Stop loss: Above 7.1
Target: Directly aiming for 5.0-5.2
FOLKS
Alpha
4.842
-6.08%
$PIPPIN
PIPPINUSDT
Perp
0.41474
-2.12%
UNIUSDT
Perp
6.126
-1.98%