📉 BEARISH CONTINUATION: $FOLKS LOOKS FOR NEW LOWS 📉
👇 CLICK ON $FOLKS TO RIDE THE SLIDE
⚠️ SNIPER DIAGNOSIS:
Gravity Prevails.
FOLKS has collapsed and is now printing a weak consolidation pattern. The massive wick down to ~3.300 was a preview of the destination. The price is failing to recover and is heavy below the EMA 200. We interpret this pause as a "refueling" station for bears before the next leg down. 🔴📉
📉 SNIPER DATA ($FOLKS):
🔴 DIRECTION: SHORT (Sell the Flag).
🧱 ENTRY ZONE: 3.400 - 3.415 (Enter the consolidation).
🎯 OFFICIAL TARGETS:
✅ TP1: 3.376 (Immediate Support / Flag Breakdown).
✅ TP2: 3.310 (Wick Lows / Liquidation Zone).
🚀 TARGET: 3.180 (Full Extension / Discovery Mode).
🛑 STOP LOSS:
SL: 3.660
THE SNIPER REPORT:
The Preview Wick: Look at the chart. The massive red wick dropped vertically to ~3.300 before snapping back. In bear trends, these wicks often get "filled" as price drifts back to the liquidity.
Trend Resistance: The EMA 200 is far above at 3.640, confirming that the path of least resistance is firmly down.
👇 Shorting the continuation? Click on $FOLKS
