This content is a market analysis and long-position recommendation for FOLKS coin. Brief interpretation as follows:
Market Review: FOLKS reached its peak price of 46.8 on the 14th of last month, after which it continued to decline, dropping to a low of 3.34 on January 8th, with a drop of as much as 93%.
Technical Analysis: The price has recently stabilized and started to rebound over the past three days, with daily lows gradually rising. The 4-hour chart is approaching a double-bottom structure, with the second bottom just formed, and the price has begun to rise.
Trading Recommendation: The author believes this is a good time to go long on FOLKS.
Market Review: FOLKS reached its peak price of 46.8 on the 14th of last month, after which it continued to decline, dropping to a low of 3.34 on January 8th, with a drop of as much as 93%.
Technical Analysis: The price has recently stabilized and started to rebound over the past three days, with daily lows gradually rising. The 4-hour chart is approaching a double-bottom structure, with the second bottom just formed, and the price has begun to rise.
Trading Recommendation: The author believes this is a good time to go long on FOLKS.