$FOLKS It increased by 28% in 24 hours but peaked at 2.968 before crashing. I refuse to believe this trash coin can hold steady at 2.8!

You ask me why? Look at the trading volume of 47.4M. With this amount of trading, they want to push a new high? I checked the on-chain data, and yesterday a whale placed a $3 million sell order at 2.9, and now there’s another 5 million at around 2.8. They’re not here to manipulate the market; they’re here to recover funds.
The previous wave rose from 1.8 to 3.2, with the trapped positions concentrated between 2.9 and 3.0. Today, it surged to 2.968 but didn’t break the previous high, indicating the main players don’t want to release those trapped. If they truly believed in this, why not just eat the sell orders directly? Trading volume can’t deceive—47M can’t sustain a continuous breakout.
My strategy goes against human nature: now at 2.815, wait for a pullback to the 2.5-2.6 range to build a position, with a stop loss at 2.3. If it drops below 2.3, this recent surge is just a trap to lure in buyers. Don’t chase during a pump—the most expensive phrase in crypto is “this time is different.” Historical data shows that after similar surges, there’s a 70% chance of retracing to the 0.382-0.5 Fibonacci levels, around 2.2-2.4.
For those aiming for a rebound, try a small long at 2.6; if it breaks below 2.3, cut your losses. Don’t fight the trend.
I dare to bet $FOLKS that this week it will retest 2.4. If you don’t believe me, let’s bet in the comment section. Whoever gets proven wrong first has to buy the next JPG NFT. Don’t talk to me about project team empowerment—on-chain data is the ultimate truth detector.
All you need to do is like and save this bold statement. When it drops, come back and curse me, or wait for me to be proven wrong and laugh at me.