$FOLKS (Folks Finance) Active Update
FOLKS is showing signs of stabilization after a strong correction from the $3.50 area. On the 4H timeframe, price is currently trading around $2.39, holding above the recent low near $2.20, which is acting as a short-term support. Bollinger Bands are tightening, suggesting reduced volatility and a potential breakout ahead. Price is hovering close to the middle band, indicating consolidation rather than strong selling pressure.
If buyers step in and volume increases, a move toward the upper band near $2.47–$2.50 could be possible. However, failure to hold above current levels may lead to another retest of the $2.20 support. Overall, this looks like a wait-and-watch zone with momentum building for the next move. Always manage risk and trade with a plan.
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