🔴 $FOGO SHORT TRADE SETUP

Bias: Bearish continuation (trend-following short)

📍 Entry Zone (Wait for Pullback)

$0.0450 – $0.0465

(EMA 7 + breakdown retest zone)

🎯 Targets

TP1: $0.0420

TP2: $0.0398

TP3: $0.0365 (capitulation continuation)

❌ Stop Loss

$0.0495

(Above prior rejection + invalidation of lower-high structure)

🧠 Why This SHORT Makes Sense

• Primary trend is bearish (lower highs, EMA breakdown)

• RSI oversold ≠ trend reversal (can stay oversold in dumps)

• Short whales in control (L/S = 0.43, shorts +25% PnL)

• Any bounce = liquidity for shorts, not accumulation

• Heavy supply above $0.046 from trapped longs

⚠️ Trade Management Notes

Do NOT short at market lows

Let price bounce into resistance, then enter

Take partial profits at TP1 (high volatility environment)

If price fails to reach entry zone → no trade

📌 Alternative Aggressive Entry (High Risk)

Breakdown short below $0.0395

SL: $0.0420

Targets: $0.036 → $0.033

Trend > Indicators

Let the bounce come to you, then sell strength 🩸📉