$FOLKS Urgent update

FOLKSBSC
FOLKS
4.95294
-11.89%

USDT looks like a valid opportunity right now. The price has surged sharply by 62.33% in the last 24 hours, currently trading at 6.735 USDT, close to its 24h high of 6.837 USDT, which increases the likelihood of a short-term pullback. The asset is trading above its key moving averages — MA(7) at 5.851, MA(25) at 5.187, and MA(99) at 5.836 — indicating overbought conditions and potential resistance. Immediate resistance lies near 7.871–10.679 USDT, while support levels are at 6.837, 6.745, 5.063, and lower near 3.810–3.658 USDT. A short entry around the current price (6.73–6.74 USDT) with a stop loss above 7.90 USDT is reasonable. Profit targets could be 6.08–5.85 USDT for a moderate retracement and 5.18–5.06 USDT if the pullback strengthens. High volatility and trading volume make careful risk management essential.