$FOLKS took a hit — sharp pullback, bulls on defense
Price: $14.83
Change: −12.38%
High/Low: $15.927 / $14.743
Volume spiked on the drop — buyers got flushed near $15.90 and couldn’t hold the bounce. Liquidity at $2.48M helped cushion the fall, but market cap slid to $180.91M as demand cooled off.
Key Levels:
Support: $14.70–14.75 (intraday floor)
Resistance: $15.60–15.90 (supply zone)
Trend: Short-term bearish — EMA rolling over, SAR flipped, candles printing lower highs with weak recovery
Trade Idea:
If price retests $15.60–15.90 and rejects → short setup targeting $14.75–14.50
If bulls reclaim $16.00+ with volume → flip bias, aim for $16.80–17.20
Momentum’s cracked — let it base or bleed, no rush to catch the knife.
