๐
NAUGHTY LIST: THE $FOLKS SLIDE CONTINUES โซ
๐ CLICK ON $FOLKS TO DELIVER THE COAL
โ ๏ธ SANTA'S DIAGNOSIS:
The Hangover after the Party. โ๏ธ๐ซ
FOLKS is struggling to find buyers after the "Incentive Sunset" earlier this month.
Broken Support: Look at the chart! The price has failed to hold the local support level at 2.050. We are seeing a breakdown of the immediate consolidation, with sellers pushing the price into a fresh "Value Gap".
Bearish Gravity: The price is trading well below its moving averages, and the RSI is currently at 35.39, indicating persistent downward momentum. Even with the xChain V2 roadmap, the short-term technicals are as cold as a blizzard.
๐ WORKSHOP DATA ($FOLKS):
๐ด DIRECTION: SHORT (Sell the Breakdown).
๐งฑ ENTRY ZONE: 2.040 - 2.050 (Enter at current market price).
๐ฏ SANTA'S TARGETS:
โ
TP1: 2.020 (Immediate Floor).
โ
TP2: 1.970 (Structural Support Gap).
๐ TARGET: 1.905 (The Bottom of the Sack).
๐ STOP LOSS:
SL: 2.194
๐ SANTA'S VERDICT:
No gifts for the late buyers. โซ
The total supply of 50M tokens is only 26% circulating, and without active high-yield incentives to lock them up, the path of least resistance remains down. Santa is riding the bearish sleigh until the $1.90 area.
๐ Banked the drop? Click on $FOLKS
