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$FOLKS 31% increase still can't catch up to my friend's 87% loss, but this time he's planning to go all in to turn things around.
He previously got liquidated in a futures contract by 87%, now he only trades spot.
Last night, $FOLKS rose from 1.98 to 2.9, he bought the dip at 2.0 and made a killing, but today he asked me if he can chase.
I told him a little story—have you seen people fighting over discounted eggs at the market?
When the aunties push the door open, the eggs have already gone up in price, and they only step on eggshells when security opens the door.
Now $FOLKS is like that: 24h high of 2.905, current 2.773, trading volume of 27.8M, doubled from yesterday, but the price hasn't broken the previous high.
It's like a bunch of people shouting about lowering prices but not actually paying—it's a hidden risk.
My trading logic is simple: if the daily chart doesn't hold above 2.8, I won't add to my position;
if it retraces to 2.5 and doesn't break, I will buy in stages, with a stop loss at 2.3;
if it falls below 2.4, I’ll quickly run.
The mid-term target is 3.2, but if you can't catch the first move, don’t stubbornly chase the tail.
For those entering now, don’t allocate more than 10% of your capital, keep some bullets for a confirmed breakout.
Don’t listen to those shouting to the moon—blockchain projects need to survive first before talking about getting rich overnight.
Brothers, is this worth you moving your finger? If you understand, give a like.
I make a living from experience in unwinding positions, not from bragging.
Share to help more people avoid pitfalls, and in the comments, rhyme and continue:
Today’s follow $FOLKS, stop loss at ___.