🔻 $FOGO

FOGO

0.03864

-15.31%

/USDT — Short Setup (x5)

$FOGO is showing classic post-listing weakness, a pattern commonly seen after airdrop and early distribution phases. Initial hype has faded, supply is unlocking, and buyers are struggling to sustain momentum.

📉 Market Structure

Strong rejection from local highs

Weak follow-through on bounces

Selling pressure dominating below 0.06

Typical newly-listed behavior after marketing + airdrop distribution

As long as price remains below the invalidation level, continuation to the downside remains favored.

🎯 Trade Setup (Short)

Entry Zone: 0.0545 – 0.0585

Targets:

• 0.0300

• 0.0260

Invalidation: Daily acceptance above 0.0600