⚠️ $FOLKS | The decline continues… Is selling the smartest decision now?
$FOLKS


FOLKS
Alpha
4.34434
-12.80%
After a strong previous rise, the currency $FOLKS has entered a clear downward wave, and the price is currently trading below all moving averages (MA7 / MA25 / MA99), with a clear weakness in buying momentum.
🔍 Technical Analysis:
General trend: Downward
Price below the averages = Continuous selling pressure
Any current rise is considered a temporary correction and not a trend change
📉 Selling Strategy (Short):
Sell Entry: from the current area or any weak rebound
🎯 First Target: 4.20
🎯 Second Target: 4.10
⛔ Stop Loss: Close candle above 4.55
⚠️ Capital management is essential, and buying is not recommended until a real reversal signal appears.
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