$FOGO SHORT TRADE SIGNAL
After a strong impulsive pump, $FOGO is now showing clear exhaustion. Price failed to hold higher levels and has transitioned into a distribution phase, with lower highs forming on the lower timeframe.
Momentum is fading, volatility is cooling down, and sellers are slowly taking control. As long as price stays below the recent intraday high, downside continuation remains the higher-probability move.
Trade Setup
Short Entry: 0.0470 – 0.0485
Target 1: 0.0445
Target 2: 0.0420
Target 3: 0.0390
Stop Loss: 0.