FOLKS has been interesting recently. After peaking on the 14th of last month, it has declined nearly 93%, but the bottom has stabilized. In the past couple of days, signs of a reversal have appeared, with a clear strong upward trend on the 4-hour chart.

From a technical perspective, the rebound space is relatively clear. The short-term target can be around the $3.90 level, and if trading volume picks up, it could test $4.50 again. The stop-loss is set at $2.98; if the price breaks below, it’s time to cut losses promptly.

The current price level is already a good entry point; those looking to go long can open positions directly. Whether this rebound can continue depends mainly on whether trading volume can support the move in the subsequent period.