$FOLKS ‌ is getting absolutely slaughtered right now. Seeing a -31% drop in a single day is heavy, and looking at the hourly, there is zero sign of a floor yet.


It just sliced through the $6.00 level like it wasn't even there. We are currently sitting right at the local bottom near $5.11. Usually, when a chart looks this vertical, people start looking for the bounce, but the volume is still showing high selling pressure.
I’m watching to see if we can hold this $5.00 psychological level. If that snaps, it’s price discovery to the downside. I'm staying hands off until I see some actual consolidation or a double bottom forming.
Careful catching knives on this one.

#JoinGrowthPointsDrawToWinGoldenBar
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