🔴 SHORT SETUP: $FOGO
/USDT — Support Flipped to Resistance
The breakdown is officially confirmed! $FOGO has lost its key support level, and the bears are now firmly in the driver's seat. Price acceptance below this zone suggests a strong bearish continuation.
📉 Trade Strategy:
Any weak relief bounce into the previous support (now resistance) is a high-probability sell opportunity. Sellers are absorbing every attempt to push higher.
Entry Zone: 0.0450 – 0.0470 🎯
Stop Loss (SL): 0.0498 🛡️ (Keep it strict to protect your capital)
🎯 Take Profit (TP) Targets:
TP1: 0.0420 (Immediate Support)
TP2: 0.0400 (Major Psychological Level)
TP3: 0.0385+ (Extended Downside)
💡 Market Note:
Risk is well-defined. As long as the price remains below the 0.0475 resistance, the downside bias remains valid. Keep an eye on $FRAX and $RIVER for correlated moves.
✍️ Written by: Nabiha Noor
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