FOLKS's recent rebound still shows some promise. From the 24-hour low of $3.831, it has rebounded all the way to $4.580, with a daily increase of 2.83%. After stabilizing around $3.400 earlier, it hasn't made new lows and has broken through the previous consolidation range. Currently, the price is steady at $4.143, above the MA25 moving average, with some distance from MA7 and MA99.
There are signs of moderate volume expansion, with 13.9565 million FOLKS traded in the past 24 hours, and a turnover of 58.95 million USDT. Today's increase is 2.22%. Although the weekly and monthly charts are still green, this short-term bullish reversal signal is quite clear.
**If you want to enter the market, these points are worth paying attention to:**
A pullback to the $4.00-$4.05 range is a relatively safe small-position entry zone, so don't rush to chase the high. Alternatively, you can wait until the price retraces to around MA25 (about $4.191) before entering. For taking profits, consider scaling out in stages at $4.30, $4.45, and $4.60. The last red line is at $3.90; if it falls below this, the short-term rebound trend is likely over.
Honestly, although this rebound has some strength, several moving averages are still above, so rushing to chase the high could easily result in a pullback. I think it's better to wait until it clearly breaks above MA7 and MA99 with increased volume and stabilizes before going all-in. For long positions, patience and waiting for a suitable retracement point is advisable. For short positions, it's better to stay on the sidelines for now, as the bullish momentum hasn't fully exhausted itself.
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liquidation_watcher
· 41m ago
Hi, FOLKS, this wave does have some drama, but I still have to say, chasing high now is just gambling.
Wait, just because it's above the MA25 doesn't mean it can go up? I don't think so, those moving averages above are still pressing down, don't be fooled.
I'll consider entering again if it pulls back to just over $4, otherwise, just watch.
Can this rebound continue? It feels like there's not enough momentum.
Breaking below 3.90 would be the end, and then it would be another wave of halving, old story.
Gradually reducing positions is indeed a safe move, but only if it can really reach those target levels.
To friends shorting, don't rush. The bulls are very weak, wait a bit longer.
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LuckyBlindCat
· 23h ago
This rebound looks promising, but I still think it's safer to wait for a pullback before jumping in.
Chasing highs easily leads to losses, everyone.
Getting stuck above so many moving averages indicates that a true breakout hasn't happened yet.
The $4 level looks a bit attractive, but I need to see the trading volume before making a decision.
The short-term signal is good, but the monthly chart is still green, so stay cautious.
Wait for a volume breakout before increasing your position; it's still early.
If it drops below 3.9, this wave is over; remember this line.
I'm still being conservative; anyway, there are plenty of opportunities.
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WealthCoffee
· 12-29 14:44
Looking at this rebound, it's quite interesting, but I still think it's better to be patient and wait, don't get FOMO.
Breaking through the moving average is the real signal; it's still too early now.
If the $3.90 line can't hold, it will be troublesome. Let's just watch.
This kind of market is most likely to cause people to chase highs and suffer heavy losses. I'll wait for it to break out with volume before I get in.
It still feels like a testing phase, no need to rush all in.
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GamefiGreenie
· 12-27 15:53
Always feeling there's more risk ahead when stuck above the moving average. If it can't break $4.30, it's safer to stay on the sidelines.
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LeverageAddict
· 12-27 15:40
Hey, the moving averages are too close together; it seems like breaking through might be a bit difficult.
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ProofOfNothing
· 12-27 15:39
Wait, you're excited just because it rebounded by 2.8%? I don't think so.
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FUD_Whisperer
· 12-27 15:36
This rebound is indeed a bit dramatic, but I still think chasing the high is too risky. Being stuck above so many moving averages might lead to a pullback.
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WhaleInTraining
· 12-27 15:36
Damn, this rebound pace is indeed a bit extreme, but I still need to wait for a clear break before taking action. I've suffered too many losses from chasing highs.
I'm optimistic but not in a hurry. I'll try a small position at $4.00 first, and the rest will wait until the bulls truly stabilize.
This time, the volume is a bit sluggish; we need to see a breakout with increased volume to count. It's still too early to say it's a reversal.
I'll wait for the MA7 and MA99; with so much resistance above, chasing high blindly only invites trouble. I choose to stay calm.
Although the weekly and monthly charts are still green, the short-term bullish sentiment has indeed returned. Let's see if it can withstand the test of these moving averages.
If it drops below $3.90, I'll cut losses immediately. The key to this rebound is right here—if it breaks, there's no hope.
The volume hasn't increased aggressively enough. This mild rebound has experienced several pullbacks before. Now, I trust technical confirmation more than chasing highs.
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NFTBlackHole
· 12-27 15:35
It looks interesting, but I'll wait until it breaks through MA7 before saying anything.
FOLKS's recent rebound still shows some promise. From the 24-hour low of $3.831, it has rebounded all the way to $4.580, with a daily increase of 2.83%. After stabilizing around $3.400 earlier, it hasn't made new lows and has broken through the previous consolidation range. Currently, the price is steady at $4.143, above the MA25 moving average, with some distance from MA7 and MA99.
There are signs of moderate volume expansion, with 13.9565 million FOLKS traded in the past 24 hours, and a turnover of 58.95 million USDT. Today's increase is 2.22%. Although the weekly and monthly charts are still green, this short-term bullish reversal signal is quite clear.
**If you want to enter the market, these points are worth paying attention to:**
A pullback to the $4.00-$4.05 range is a relatively safe small-position entry zone, so don't rush to chase the high. Alternatively, you can wait until the price retraces to around MA25 (about $4.191) before entering. For taking profits, consider scaling out in stages at $4.30, $4.45, and $4.60. The last red line is at $3.90; if it falls below this, the short-term rebound trend is likely over.
Honestly, although this rebound has some strength, several moving averages are still above, so rushing to chase the high could easily result in a pullback. I think it's better to wait until it clearly breaks above MA7 and MA99 with increased volume and stabilizes before going all-in. For long positions, patience and waiting for a suitable retracement point is advisable. For short positions, it's better to stay on the sidelines for now, as the bullish momentum hasn't fully exhausted itself.