📉 Brothers, I choose to withdraw from this rebound of $FOLKS
I was initially hoping to catch a V-shaped rebound after a sharp drop, but now looking at this rebound — the strength is weak, and the volume is shrinking, clearly indicating that the bulls can't keep up, and the market makers have no intention of making a strong push.
A few key observations:
· The price has pulled back from 16.5 to around 27, but the trading volume has not followed at all
· The rebound stagnates at half the previous high, indicating that selling pressure remains heavy
· From the 4-hour chart, it looks more like a continuation of the downtrend rather than a reversal
My strategy has been adjusted:
· Abandon the thought of catching the rebound; a weak rebound only provides better entry points for bears
· Wait for a secondary high point (like the 30-35 range) before considering a short position
· Maintain patience and avoid emotional trading
Remember: Volume is the soul of a rebound; a rebound without volume is just a trick. Observe more and act less, wait for the market to provide clear signals before taking action.
The market changes rapidly, so adjustments to strategy must be made in a timely manner; one cannot just stick to one path until the end..
