$FOGO /USDT
Market Bias: Bearish Short-term (Price is trending below immediate resistance peaks, showing strong selling pressure with long upper wicks).
Market Bias: Bearish (Price is making Lower Highs)
Optimal Entry (Short/Rejection): $0.05300 - $0.05400 (Wait for a weak retest of the broken support).
Bull’s-Eye TP1: $0.05210 (Nearest Unmitigated Demand Zone/Support floor).
Bull’s-Eye TP2: $0.05110 (Psychological support and historical consolidation area).
Bull’s-Eye TP3: $0.04950 (Psychological support and historical consolidation area).
Invalidation (SL): $0.05540 (Breakout above the recent swing high).
Trade Rationale: The 1m chart shows "Selling Pressure" (long upper wicks) at $0.05484 and $0.05530. Until we see "Buying Absorption" wicks, the path of least resistance is down.
What’s your move? Are you shorting the rejection or waiting for a lower bottom? 👇
#FOGO #ScalpingTrading #BinanceSquare #TechnicalAnalysis #cryptosignals
