#CryptoTrading. #technicalanalyst #Signal🚥.
📊 Technical analysis $FOGO USDT — 15min/1h timeframe
Current price ≈ 0.047782 USDT
-7.79% recently, sharp correction after previous strong pump, now deep pullback with capitulation-style candles breaking lower BB.
Price action & Bollinger Bands (15m/1h):
Price broke below lower BB (~0.04543), trading well under middle BB (~0.05082).
Bands expanded significantly — high volatility with strong bearish pressure.
Upper BB ~0.05621 — very distant resistance.
Volumes:
Current vol ~282B — elevated on down candles, showing continued selling pressure.
MA(5) ~187B, MA(10) ~118B — volume still high, supports bearish momentum, no clear drying up yet.
Key indicators:
• MACD — DIF -0.00168, DEA -0.00123, MACD -0.000045, negative histogram deepening slightly — bearish momentum intact, though very small values indicate slowing pace.
• RSI (6/12/24) ≈ 44.5 / 41.6 / 41.8 — oversold across short periods, showing selling exhaustion but still no strong reversal signal.
Sharp capitulation drop after prior pump. Now deep oversold near/below lower BB — classic setup for potential short-term relief bounce, but overall trend remains bearish until reclaim of middle BB
🟢 Long (high risk — oversold bounce scalp)
Entry: 0.0470–0.0480 (current zone or slight dip)
TP1: 0.0500–0.0510 (middle BB area)
TP2: 0.0530–0.0550
SL: 0.0455–0.0460 (break below current low)
R/R: ~1:2.5–1:3+
Comment: Only for very quick scalp if volume dries up + green reversal candle + MACD histogram flattens/turns positive. Needs strong confirmation — very risky in downtrend.
🔴 Short (moderate-high conviction — trend continuation)
Entry: 0.0485–0.0495 (small bounce to lower resistance / failed rally)
TP1: 0.0455–0.0450
TP2: 0.0430–0.0420
SL: 0.0510+
R/R: ~1:3+
Comment: Better edge if rejection at 0.0485–0.0495 + volume increase on red candles. Downtrend remains dominant.
⚠️ Most likely scenario now
Short-term oversold bounce/consolidation in 0.047–0.050 zone very likely due to deep RSI