$FOGO /USDT EXPLOSIVE VOLATILITY AFTER MASSIVE SPIKE – MARKET PREPARING FOR A CORRECTIVE MOVE
🔥 BEARISH BIAS AFTER EXTREME PUMP – PROFIT BOOKING ZONE ACTIVATED 🔥
Immediate Market Explanation:
$FOGO /USDT has experienced a sharp parabolic pump (+26%+), followed by strong rejection from the upper zone near 0.09–0.10, which is clearly visible as a supply area. Such rapid vertical moves usually invite profit-taking and correction. Price is currently holding above the local support, but momentum indicators suggest exhaustion, increasing the probability of a pullback before any healthy continuation.
📉 TRADE SETUP – SHORT (SCALP / INTRADAY)
Entry Zone:
➡️ 0.0450 – 0.0480
Targets (TP):
🎯 TP1: 0.0410
🎯 TP2: 0.0380
🎯 TP3: 0.0350
Stop Loss (SL):
❌ 0.0515 (Above local rejection zone)
📊 Key Technical Levels
Major Resistance: 0.0590 – 0.0720
Strong Support: 0.0350 – 0.0380
Liquidity Grab Zone: Above 0.0500
Structure: Pump → Rejection → Distribution phase
🔮 Short Market Outlook
In the short term, volatility will remain high. Unless price reclaims and sustains above 0.052–0.055, the market favors a bearish retracement toward lower demand zones. A healthy pullback could later set the stage for a more stable bullish continuation.
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