Recently, FOLKS's performance has been quite exciting. It dropped 93% in just over 20 days, and seeing that decline was enough to cool my enthusiasm by half. However, this wave of decline also gave us an opportunity — on the 8th, it finally bottomed out.

The subsequent movement is quite interesting. After consolidating for a few days, there was a 22% surge the day before yesterday. Although there was a pullback yesterday, don't worry, this is actually normal shakeout. The key is on the 4-hour chart, where four bottom zones have already formed, and the price of each bottom is gradually rising. This signal is quite clear.

What does a gradually rising bottom mean? It indicates that selling pressure is weakening, and the bulls are slowly taking over. The fourth bottom just formed, and the price has already increased, which confirms a trend reversal. From a technical perspective, the upward trend has been established. Now is a good time to go long, and there should be plenty of room for growth moving forward.