FOLKS is currently reporting 27.481, with prices significantly retreating after hitting the high of 31.449. Although there has been a daily gain, the current price is far from the daily high and is below the strong resistance area of the upper Bollinger Band, indicating a severe lack of follow-up momentum for the bulls. There is substantial selling pressure above, and a technical deep correction could occur at any moment.

It is recommended to short in batches as the price rebounds to the range of 28.00–29.50, with a stop loss above 31.50 and a target of 24.00–25.00. If the price directly breaks below 22.50, one can decisively pursue a short position, targeting below 20.00. #美联储降息 #山寨币 #巨鲸在哪 $FOLKS

FOLKSUSDT

Perp

23.65

-8.77%