$FOLKS — Quick Chart Check
Price: $14.83 (-12.38%)
Intraday Range: High $15.92 / Low $14.74
FOLKS is showing clear downside pressure today as sellers stepped in after failing to hold above the mid-$15 zone. Volume has slowed on the bounce attempts, suggesting weak demand on lower timeframes.
Key Levels:
Support: $14.70 – $14.60
Resistance: $15.20, then $15.90
Trend: Currently bearish on the 15m structure with lower highs forming.
Trade Idea:
If price holds above $14.70 support, a short-term relief bounce toward $15.20 is possible.
If it loses $14.60, downside continuation toward the next support zone looks likely.
Main Point: FOLKS needs stronger buyer reaction at support, otherwise the bearish momentum can extend.
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