$FOLKS 5-minute pullback of 2.6%; current price: 2.098. Two possible scenarios from here:
① It stabilizes and reclaims the point where the decline began → this move was probably a shakeout
② The rebound lacks strength and it breaks below the 24h low of 2.057 → weakness may continue
Personally, I’d wait for signs of stabilization before making a judgment. What about you—take action or sit tight?
① It stabilizes and reclaims the point where the decline began → this move was probably a shakeout
② The rebound lacks strength and it breaks below the 24h low of 2.057 → weakness may continue
Personally, I’d wait for signs of stabilization before making a judgment. What about you—take action or sit tight?