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#大户持仓动态 Altcoins $FOLKS Technical Analysis — Short-term Bearish Opportunity
Since reaching a high of $47, $FOLKS has been in a volatile downward trend. This morning, it experienced a nearly 20% rebound around $8, but from a technical perspective, this rebound is very likely a trap set by the whales to induce selling.
I have observed a similar pattern in $ZEC — a slight rally often serves as a chip cleaning move, and after the main players finish distributing, they usually enter a prolonged decline cycle. Currently, this position is indeed a good opportunity to short.
Such quick profit opportunities come and go in the blink of an eye. If missed, you'll have to wait for the next wave. After technical confirmation, set proper risk controls and stop-losses, and monitor related trends in LUNA, ASTER, SOL, and others.