FOLKS dropped from a high of 22.1 to 3.3 and is currently in a typical downward consolidation pattern. This type of bear flag pattern often indicates that selling pressure is not exhausted, and once the consolidation is complete, it may trigger the next wave of decline. From the candlestick structure, the ongoing selling pressure is still accumulating. Technically, the key support level is around 3.2 near the lower band of the Bollinger Bands. If this level is broken, there could be a larger adjustment space ahead. Such patterns are usually a bearish signal in a bear market, and it is worth closely monitoring the trading volume confirmation when the price breaks through.

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