$FOLKS / USDT is experiencing heavy downside pressure right now – currently trading at around 2.76 with a massive -20.27% drop in the last 24 hours! 😱 From a recent high near 3.51, it's been in a clear downtrend, breaking below key levels with increasing selling volume.

Key indicators screaming bearish momentum:

RSI(6) deeply oversold at ~19, RSI(14) at ~37 – potential exhaustion but still no strong reversal signal.

MACD negative with DIF/DEA both deep in the red, histogram expanding downward.

Price hugging the lower Bollinger Band after a sharp breakdown.

Long/Short Ratio heavily skewed to longs (L:S ~2.54, 71%+ longs) – classic setup for further liquidation cascade!

Volume spiking on red candles, MA lines declining sharply.

Overall performance: -21% today, -21.8% over 7 days, -38%+ over 30 days – brutal correction ongoing.

This looks like a high-probability SHORT opportunity on $FOLKS USDT (Perpetual Futures)!

🚨 SHORT FOLKSUSDT NOW! 🚨

Entry: around current levels ~2.76 – 2.80

🎯 Take Profit 1: 2.52 (first support zone)

🎯 Take Profit 2: 2.30 (extended target)

🛑 Stop Loss: 3.00 (above recent swing high for safety)

Risk/Reward looks solid – manage position size carefully, use low leverage (5-10x max), and watch for any sudden volume reversal. This could dump further if longs keep getting squeezed! 💥

DYOR & trade responsibly – crypto is volatile! Who's joining the short side? Drop 🔥 if you're in!

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