$FOLKS 24-hour surge of 29% to reach 2.48, but I bet it will drop below 2.0 tomorrow! Here's the deal: if it doesn't fall below 2.0 by 8 PM tomorrow, I will do a live stream and draw 100 USD to give away to those who criticize me in the comments. Don’t rush to criticize, first look at the data: 24-hour trading volume is 27.6 million, looks lively, but compared to the previous trading days, this volume has actually shrunk by 40%. A 29% daily increase without sustained large capital follow-up is mainly driven by retail FOMO, a typical “pulsed rally.” If it’s truly a strong trend, the trading volume should also increase to over 50 million, not this dangerous signal of a high spike with no volume.

The technical aspect is even more alarming: the current price of 2.48 is only 0.008 away from the 24-hour high of 2.488, but four attempts to break through 2.49 have failed, each retreat accompanied by shrinking volume. This “high-level volume contraction sideways movement” is often a prelude to main players offloading. If you chase now, I suggest no more than 2% of your position, with a stop-loss at 2.35 (exit if broken), and take profit at 2.55. But my core point is—don’t touch it! Unless you’re willing to bet on a super positive announcement tomorrow. If it drops below 2.4, support below is at 2.1 or even 2.0, a trap for bears.

I’ve seen too many similar scripts: altcoins spike sharply in one day, then the next day reverse and swallow all gains. $FOLKS This round, from 1.75 to 2.48, has already exhausted short-term momentum; a retracement to 2.0 is highly likely. My own strategy is: place a short order below 2.0, with a stop-loss at 2.55, risk-reward ratio 3:1. If you think I’m wrong, post a screenshot tomorrow to prove me wrong. Remember, the old hands in the market only tell the truth, follow me to avoid pitfalls. $