FOLKS has performed astonishingly in the past 24 hours. A single-day increase of 94% has directly ignited market sentiment. The data speaks volumes: short sellers suffered heavy losses, with liquidations reaching $4.845 million, while long liquidations were only around $1.14 million. This means shorts lost 4.25 times more than longs.

From a technical perspective, this rally is indeed fierce. All major moving averages are being surpassed, and the overall trend is quite strong. On the fundamental side, there are signs of abnormal capital activity, and market FOMO sentiment has clearly intensified. However, with such a large increase, short-term technical indicators are already in overbought territory, and a retracement is quite possible.

But in such situations, a pullback is often not a risk signal, but rather a new buying opportunity. In a short squeeze market, short-term corrections provide an entry point for latecomers. If you're considering shorting, the current market environment is not friendly — the trend is too strong, and the risk is high.

Looking at the price level, FOLKS has easily broken through the previous high of $31.45. If the trend continues, the next target is above $35.00. But trading is always a probability game; only directions with high win probability are worth acting on.