$FOLKS is a typical small circulation DeFi concept coin, rising relies on emotions, falling depends on speed, once the market weakens, the support is very thin.
Now at this 9.3 position, it belongs to the pressure zone after the rebound, not a safe long position. After the previous wave of decline, the rebound was without volume, and the price clearly weakened in the 9.2–9.5 range, with multiple highs being smashed, indicating that the selling pressure above is very heavy.
At the same time, the long positions on the contract side are accumulating again during the rebound, but the price does not continue, which is a typical baiting structure. Once it falls below 9.0, it is easy to accelerate back to the previous low, and the logic of short positions is established. There is still space! Join the opened chat room to receive take profit and stop loss
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