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$FOLKS
Watching the FOLKS candlestick, I'm not chasing the highs.
After a volume surge, the price is hovering near a key psychological zone, but the trading volume isn't keeping pace. This kind of action looks more like bulls cashing out while new money hesitates. If we can't hold above the $2 mark in the short term, we might easily dip back to the $1.8 area to confirm support; only with a solid volume reclaim and stabilization can we have a shot at pushing towards $2.5.
CoinMarketCap
+1
My market assessment:
FOLKS is leaning towards sideways action in the short term, and chasing the pump isn't a great value right now. Waiting for a dip to buy or a volume breakout confirmation is way more comfortable than jumping in directly at this point. The bulls aren't dead yet, but it's no longer the easiest money-making spot.
CoinMarketCap
#MyGateTradeStory