Recently, FOLKS has indeed been quite interesting. In the short term, the move from a short position profit point at 6400U to a bilateral profit at 15000U+ has been notable. Such fluctuations are not uncommon for intraday traders.

From a technical perspective, during FOLKS's early rally, short positions at lower levels were gradually squeezed out, while longs at higher levels lacked momentum due to the absence of follow-up buyers. The volume data also confirms this — trading volume has significantly shrunk, indicating declining market participation. On-chain data is even more intriguing: large funds are quietly withdrawing, and the movement of mainstream capital warrants attention.

In this scenario, taking profits on short positions at high levels and deploying longs at low levels is indeed a relatively safe strategy. Both directions offer profit opportunities in the short term. With proper position management, the returns can be quite substantial.

Similar altcoins like RAVE, PIPPIN, and others also experience frequent volatility, with daily swings of 200%-500%. However, such opportunities often come with high risks. Choosing the right coins, timing, and position size are all critical. For those interested in participating in this type of trading, risk control should always come first.