🚨$FOLKS is sitting on a major support 👀 Next move will be big.😱
Price is currently trading around 3.45, sitting right on a key support zone (highlighted red line). This level has been tested multiple times, making it a decision area for the next move.
🔎 Technical Outlook:
Overall structure still bearish
Price respecting lower highs
Current level = critical support
Weak bounce attempts → sellers still in control
📌 Scenarios to watch:
🔴 Bearish continuation
Clean breakdown below 3.40
Possible drop toward 3.10 – 2.90
Watch for volume increase on breakdown
🟢 Bullish relief bounce
Hold above 3.40
Short-term bounce toward 3.70 – 3.90
Needs strong volume to confirm reversal
⚠️ Trading Tip:
This is not a chase zone. Let the market confirm:
Breakdown → short confirmation
Hold + reclaim → scalp bounce only
🧠 Risk management is key
Support breaks fast when it fails.
$FOLKS
#folks