$FOGO 📊 Technical Indicators:
1. MA Trends:
· MA(7): 0.03021
· MA(25): 0.02913
· MA(99): 0.03228
· Signal: Price (0.03114) is above MA(7) and MA(25), but below MA(99). This suggests short-term bullish momentum, but long-term resistance near 0.03228.
2. Price Action:
· Current price: 0.03114 USDT
· Mark price: 0.0311351
· Entry price: 0.0310100
· Position is in profit (+7.70% ROI).
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📈 Order Book Sentiment (Depth Chart):
· Sell wall at 0.026 (192.61K) — strong resistance.
· Buy support at 0.025 (76.58K) and 0.024 (8.16K).
· Bid/Ask ratio: 62.66% bids vs 37.34% asks → bullish sentiment in the order book.
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⚠️ Risk & Position Info:
· Leverage: 20x (Isolated)
· Liquidation price: 0.0297771 (very close to current price)
· Stop Loss set at: 0.0308000 (below entry)
· Margin Ratio: 25.88% (healthy but watch for volatility)
· Max Open: 0.06226 USDT → room to increase position if desired.
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🎯 Trading Signal:
· Short-term: Bullish — Price above short-term MAs, positive ROI, bid dominance.
· Caution: Price is below the MA(99), indicating longer-term resistance. Liquidation price is very close (~4.4% drop from current price would trigger liquidation).
· Recommendation:
· If bullish, consider taking partial profits soon.
· Move stop loss to breakeven or slightly above to protect gains.
· Watch for a break above 0.03228 (MA99) for a stronger bullish confirmation.
#FOGO✈️ #FOGOTRADE