$FOLKS
Massive Pump: The trend is vertical and parabolic! It smashed through all resistance levels. 🐂💥
🚨 EXTREME WARNING: The RSI is at 90! This is incredibly high. The price is "overheated" and way above the average price. 🔥🥵
Selling Pressure: That long wick at the top (31.44) means sellers are pushing the price back down. Profit-taking has started. 📉💸
Conclusion & Strategy :
Bullish Case: The momentum is undeniable. If it breaks the wick high of 31.449, it enters "price discovery" mode again. 🚀✨
Bearish/Correction Case: Due to the RSI being at 90, a correction is highly likely. The price might drop to retest the previous breakout levels (around 20.00 - 24.00) to find stable support. 🐻🛡️
Summary: The chart is looking incredibly bullish but risky. Entering a trade right now is chasing the pump (FOMO). It is usually wiser to wait for the RSI to cool down! 🧊🧘♂️
