🚨 $FOGO /USDT — EXTREME VOLATILITY AFTER PARABOLIC PUMP 🚨
🔥 Bearish Bias Emerges as Profit-Taking Accelerates 🔥
Market Overview:
$FOGO USDT has printed a sharp parabolic move of +26%+, followed by a clear rejection from the upper supply zone around 0.09–0.10. Such vertical price expansions are typically unsustainable and often lead to distribution and corrective pullbacks as early buyers lock in profits. While price is currently holding above short-term support, momentum indicators show signs of exhaustion, increasing the probability of a downside retracement before any healthy continuation.
📉 Trade Idea — SHORT (Scalp / Intraday)
Entry Zone:
➡️ 0.0450 – 0.0480
Take-Profit Targets:
🎯 TP1: 0.0410
🎯 TP2: 0.0380
🎯 TP3: 0.0350
Stop Loss:
❌ 0.0515 (Above local rejection & liquidity sweep zone)
📊 Key Technical Levels:
Major Resistance: 0.0590 – 0.0720
Strong Support: 0.0350 – 0.0380
Liquidity Grab Zone: Above 0.0500
Market Structure: Pump → Rejection → Distribution
🔮 Short-Term Outlook:
Volatility is expected to remain elevated. As long as price fails to reclaim and hold above 0.052–0.055, bearish pressure is likely to dominate, targeting lower demand zones. A controlled pullback would be constructive for market structure and may later support a more sustainable bullish continuation.
⚠️ Trade with discipline. Volatility cuts both ways.
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