$FOLKS 7 dollars have struggled to hold, where will the next target for short positions be???
From the market perspective, the 7 dollar level has attempted to hold multiple times but has failed each time, with the rebound strength clearly insufficient. This level has now turned from support to resistance.
If the market retraces to last night's low of 6.58 and effectively breaks down, it will enter a liquidity vacuum below,
the first target is 6 dollars; if 6 dollars is lost, the price will further drop to the 5 dollar area.
The current trend still belongs to a weak one-sided downward structure, and until key levels are reclaimed, the bearish outlook remains unchanged, and short positions can be held patiently.
