$FOLKS KS — Fear Setting In After the Euphoria?
$FOLKS has completed a classic cycle: strong expansion → blow-off top → sharp pullback.
Price is now consolidating around $4.5–$5.0, an area where selling pressure appears to be fading and early signs of stabilization are forming. This is typically the phase where panic selling tapers off and more patient capital starts paying attention.
Key Levels to Monitor
Support: 4.50 – 4.80
Invalidation: Daily close below 4.20
Resistance: 6.20 → 7.50 → 9.00
Upside Targets (if support holds):
TP1: 6.20
TP2: 7.50
TP3: 9.00+
This is no longer a momentum chase.
It’s a zone for waiting on confirmation and gradually building positions.
Major moves often begin once emotions are fully drained.$FOLKS
FOLKS
Alpha
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