FOLKS's recent rebound still shows some promise. From the 24-hour low of $3.831, it has rebounded all the way to $4.580, with a daily increase of 2.83%. After stabilizing around $3.400 earlier, it hasn't made new lows and has broken through the previous consolidation range. Currently, the price is steady at $4.143, above the MA25 moving average, with some distance from MA7 and MA99.
There are signs of moderate volume expansion, with 13.9565 million FOLKS traded in the past 24 hours, and a turnover of 58.95 million USDT. Today's increase is 2.22%. Although the weekly and monthly charts are still green, this short-term bullish reversal signal is quite clear.
**If you want to enter the market, these points are worth paying attention to:**
A pullback to the $4.00-$4.05 range is a relatively safe small-position entry zone, so don't rush to chase the high. Alternatively, you can wait until the price retraces to around MA25 (about $4.191) before entering. For taking profits, consider scaling out in stages at $4.30, $4.45, and $4.60. The last red line is at $3.90; if it falls below this, the short-term rebound trend is likely over.
Honestly, although this rebound has some strength, several moving averages are still above, so rushing to chase the high could easily result in a pullback. I think it's better to wait until it clearly breaks above MA7 and MA99 with increased volume and stabilizes before going all-in. For long positions, patience and waiting for a suitable retracement point is advisable. For short positions, it's better to stay on the sidelines for now, as the bullish momentum hasn't fully exhausted itself.
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GamefiGreenie
· 14h ago
Always feeling there's more risk ahead when stuck above the moving average. If it can't break $4.30, it's safer to stay on the sidelines.
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LeverageAddict
· 14h ago
Hey, the moving averages are too close together; it seems like breaking through might be a bit difficult.
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ProofOfNothing
· 14h ago
Wait, you're excited just because it rebounded by 2.8%? I don't think so.
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FUD_Whisperer
· 14h ago
This rebound is indeed a bit dramatic, but I still think chasing the high is too risky. Being stuck above so many moving averages might lead to a pullback.
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WhaleInTraining
· 14h ago
Damn, this rebound pace is indeed a bit extreme, but I still need to wait for a clear break before taking action. I've suffered too many losses from chasing highs.
I'm optimistic but not in a hurry. I'll try a small position at $4.00 first, and the rest will wait until the bulls truly stabilize.
This time, the volume is a bit sluggish; we need to see a breakout with increased volume to count. It's still too early to say it's a reversal.
I'll wait for the MA7 and MA99; with so much resistance above, chasing high blindly only invites trouble. I choose to stay calm.
Although the weekly and monthly charts are still green, the short-term bullish sentiment has indeed returned. Let's see if it can withstand the test of these moving averages.
If it drops below $3.90, I'll cut losses immediately. The key to this rebound is right here—if it breaks, there's no hope.
The volume hasn't increased aggressively enough. This mild rebound has experienced several pullbacks before. Now, I trust technical confirmation more than chasing highs.
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NFTBlackHole
· 14h ago
It looks interesting, but I'll wait until it breaks through MA7 before saying anything.
FOLKS's recent rebound still shows some promise. From the 24-hour low of $3.831, it has rebounded all the way to $4.580, with a daily increase of 2.83%. After stabilizing around $3.400 earlier, it hasn't made new lows and has broken through the previous consolidation range. Currently, the price is steady at $4.143, above the MA25 moving average, with some distance from MA7 and MA99.
There are signs of moderate volume expansion, with 13.9565 million FOLKS traded in the past 24 hours, and a turnover of 58.95 million USDT. Today's increase is 2.22%. Although the weekly and monthly charts are still green, this short-term bullish reversal signal is quite clear.
**If you want to enter the market, these points are worth paying attention to:**
A pullback to the $4.00-$4.05 range is a relatively safe small-position entry zone, so don't rush to chase the high. Alternatively, you can wait until the price retraces to around MA25 (about $4.191) before entering. For taking profits, consider scaling out in stages at $4.30, $4.45, and $4.60. The last red line is at $3.90; if it falls below this, the short-term rebound trend is likely over.
Honestly, although this rebound has some strength, several moving averages are still above, so rushing to chase the high could easily result in a pullback. I think it's better to wait until it clearly breaks above MA7 and MA99 with increased volume and stabilizes before going all-in. For long positions, patience and waiting for a suitable retracement point is advisable. For short positions, it's better to stay on the sidelines for now, as the bullish momentum hasn't fully exhausted itself.