$FOLKS — Downward preparation ⚠️
$FOLKS has experienced a sharp decline from 7.50, and attempts to rebound since then have been weak and corrective.
The price is now below previous support areas that have become active resistance.
The current range of 4.8–4.9 is distribution, not accumulation. Sellers are moving quickly on every upward attempt, and buyers are failing to reclaim any important level. This supports the continuation of the decline, not aggressive buying.
📌 Change in direction only if the price reclaims 5.20–5.35 with strong volume. Below this range, short remains preferred.
Short trade signal:
💎 Entry point: 4.90 – 5.10
🎯 Target 1: 4.60
🎯 Target 2: 4.30
🛡️ Stop loss: 5.45
⚡ Leverage: 20x – 50x
💰 Margin: 2% – 5%
✅ Risk advice: Move the stop loss to the entry point after reaching TP1
Short $FOLKS now 👇 — Take advantage of the decline!