2026-01-09 06:25:54

FOLKS has been quite interesting recently. On the day of opening, it dipped to 3.456, and yesterday it hit a new low of 3.3. Currently, the one-hour timeframe is repeatedly oscillating. Since dropping from the high of 46, there hasn't been a decent rebound, which is a bit frustrating.

My idea is to look for an opportunity to go long. This level is somewhat attractive, but risk management must keep up — set the stop loss at 3.225 and let the bullets fly for a while. If it can break through the recent oscillation high in the short term, there might be a chance for a reversal. Interested friends can keep an eye on this coin's subsequent performance.

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FloorPriceWatcher

· 01-12 05:55

Falling from 46 to just over 3 dollars, the decline is incredible. Have you really not recovered even once?

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GasWrangler

· 01-11 18:07

honestly, folks dumping 93% from 46 and you're still optimistic? ngl the technicals here are demonstrably weak—if you analyze the data, that 3.225 stop is basically capitulation territory. technically speaking, the hourly oscillation you're describing is just noise on a structurally broken chart. sub-optimal entry imo, but sure, let the bullets fly i guess

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DAOplomacy

· 01-09 06:54

ngl the whole FOLKS narrative feels structurally sub-optimal at this point... 46 to 3.3 is arguably less of a dip and more of a path dependency issue, yeah? historically precedent suggests these kinds of capitulation moves create non-trivial externalities downstream, but the governance primitives here seem... questionable at best, tbh

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MetaverseVagrant

· 01-09 06:53

Falling from 46 to now is really tough, but the 3.3 level is indeed interesting, worth a try to see --- From 46 all the way down sharply to now, I really don't understand it, but since it's like this, a rebound might be coming soon --- A stop-loss at 3.225 is smart, the only concern is that it might continue to test the lows --- Only after breaking the recent high would I dare to act; otherwise, it's better to stay on the sidelines --- FOLKS, this recent drop was quite harsh, make sure to think carefully before going long

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Rugman_Walking