$FOLKS Two hours ago it was at 3.14, now it's at 2.39, a -16.42% drop that directly broke through. My brothers in the group are watching eagerly as the 92.8M trading volume runs. Don’t tell me to bottom fish; now is the time to cut your losses to survive.

Time anchor point: 21:45 Beijing time, 15 minutes before tonight’s US stock market opens. If the market doesn’t rebound, $FOLKS the previous low of 2.3660 will definitely break, heading down to 2.20 or even 2.00 area. Don’t gamble on a rebound; the highest point of 3.14 today has already become a trap, if it pushes above 3.0 I’ll eat my keyboard.
Let’s analyze: if the US stock market opens lower, funds will concentrate on dumping altcoins, liquidity in FOLKS will be instantly drained, and your small position is just a flying knife. If it rebounds, 2.45-2.50 is a short-term resistance zone; roll your positions if you can, don’t be greedy.
Operational advice: those still in the car, move your stop-loss down to 2.35, exit immediately if it breaks, don’t wait until below 2.36 to be accelerated stabbed. For those wanting to enter, unless you see a volume-based bottoming near 2.36 and a 15-minute bullish candle, don’t get in at all. Keep your position below 1U, don’t gamble with your life-saving money. Take profit immediately at 2.55, and only consider adding if it stabilizes above 2.60. Remember: a -16% decline is a dull knife, and the rebound is also a distribution zone, not a building zone.
I, Azé, have been trading for three years, and I never believe in “it drops a lot, then it rises.” Now, liquidity is the real boss in this market. Before going long, ask yourself: do you have enough money to outlast the market makers?
Countdown interaction: currently at 2.392, like the order at 2.35 to catch the knife, share your stop-loss level in the comments, and check the results in 15 minutes. Remember: the market gives you opportunities, not to let you be a leek, but to let you survive and get off the table.