FOLKS has demonstrated typical bullish characteristics in the recent crypto market rebound. Starting from a low of 17 yuan, the price gradually moved up and faced significant resistance around 29 yuan. During the subsequent pullback, the 26 yuan level formed a key support, which also became an excellent opportunity for reverse trading—quickly switching from a short position to a long position.

From a technical perspective, the entire process showed three distinct upward waves. First, it’s important to note that around 27 yuan, there will be many false breakout opportunities that can easily attract investors to take contrarian actions, which is a common pitfall for many beginners. The real profit opportunity lies in identifying the strength of support levels and the difficulty of breaking through resistance levels.

Ultimately, FOLKS reached a high of 37.5 yuan to complete this wave of price recovery. This complete trend reminds us that in the crypto market, recognizing key support and resistance levels is more important than blindly chasing rallies or bottom-fishing. Staying rational during rapid upward movements and taking profits in time are the core principles of prudent trading.