$FOLKS +22% - Dead Cat Bounce in a Crash

From 47 to 6. This "rally" is a small bounce in a massive downtrend. Price is still below the critical EMA200 and has heavy resistance overhead.

Reality Check

· Now: 5.993

· Resistance: 6.088 (24h High), 6.500 (Strong)

· EMA200: 5.270 (Just below – not broken)

· This is not a recovery.

High-Risk Context

· Do not buy. This is a trap.

· If you're in: This is an exit opportunity.

· Short on bounce: Sell near 6.20 - 6.40, target 5.50, stop 6.60.

· Support: 5.582 (EMA15)

Volume is low on the bounce—no conviction.

⚠️ Extreme risk. Not financial advice. This is a bear market rally.

Bear market bounce. Selling into strength or buying the "dip"? 👇

#Write2Earn #FOLKS #deadcatbounce $BAS

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