Wait, did everyone just ignore that massive wick or what?
$FOLKS just went on a wild run up to 6.11 but the rejection was pretty instant. We’re sitting at 5.24 now and honestly it looks like it’s trying to decide if it wants to build a higher floor or just give back all those gains. The volume is definitely there but the candle shapes are getting messy. If we can’t hold this 5.20 area as support we’re likely heading back down to fill that gap toward 4.70. I’m staying patient on this one. Chasing this high is usually how you end up becoming someone else's exit liquidity.
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Wait, did everyone just ignore that massive wick or what?
$FOLKS just went on a wild run up to 6.11 but the rejection was pretty instant. We’re sitting at 5.24 now and honestly it looks like it’s trying to decide if it wants to build a higher floor or just give back all those gains.
The volume is definitely there but the candle shapes are getting messy. If we can’t hold this 5.20 area as support we’re likely heading back down to fill that gap toward 4.70.
I’m staying patient on this one. Chasing this high is usually how you end up becoming someone else's exit liquidity.
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