hey Guy's ❤👀

Price printed a sharp impulsive move and immediately lost momentum — now compressing below the spike high. This kind of structure usually signals distribution after hype rather than continuation.

$FOGO is trading under the key supply zone, and every bounce is getting sold. As long as price stays below resistance, downside pressure remains dominant.

Trade Setup (Short)

Short Entry: 0.0525 – 0.0540

Target 1: 0.0480

Target 2: 0.0445

Target 3: 0.0400

Stop Loss: 0.0585

Bias

Bearish below 0.0540.

Strong reclaim and hold above resistance invalidates the short setup.

FOGO
FOGOUSDT
0.03893
-14.21%