Recently, I've been watching the mainstream coin market, and the volatility isn't as intense as expected. Many people are paying attention to the trend of $FOLKS, so I also took some time to analyze it.



From a technical perspective, this coin is currently at a relatively critical point. The resistance level above is around 42.5. If it cannot break through effectively, the rebound space will be limited. Looking downward, the support level at 13 is quite worth paying attention to—once broken, it could trigger a chain reaction.

The middle price range (around 40) has become an interesting observation zone. In this oscillation pattern, the short-term trading strategy is to leverage the fluctuations between support and resistance to create opportunities. However, for short-term trading, risk management should always come first; setting proper stop-losses is essential for longevity.

Interested friends can do their own research on this coin's fundamentals, then combine that with technical analysis to determine their entry points. The market is always there, no need to rush.
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NFTArchaeologisvip
· 12-14 05:12
Looking for opportunities in a oscillating pattern, it's easy to say but requires patience in practice. Line 13 is definitely worth holding onto.
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Gm_Gn_Merchantvip
· 12-14 03:49
42.5 If I can't break through, it really won't be fun anymore. If I can't hold this line at 13, I'll just run. --- The most people cut losses on short-term trades; stop-loss is easy to say but really hard to do. --- There are indeed opportunities in oscillation patterns, but you need the mental resilience to withstand the pullbacks. --- It feels like FOLKS has been hyped up recently. Has anyone really researched the fundamentals? --- It's that same set of support and resistance levels. It feels like such analysis is everywhere. How's the actual profit? --- There hasn't been much movement around 40 recently. What are we waiting for just lying here?
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StableNomadvip
· 12-14 03:25
ngl that 13 support looking sus right now... reminds me of UST in May before everything went sideways. statistically speaking the risk-reward just doesn't pencil out if we're oscillating between 40-42.5, that's what like a 6% range? in this market? smh
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