🚨 $FOGO Current trend Bearish

Price is currently below MA5 (0.0381) and MA120 (0.0381) but above MA20 (0.0366), indicating short-term bearish pressure within a neutral medium-term context.

Capital Flow: Mixed signals with recent 1H contract inflow (+285K) but overall 24H outflow (-1.1M). Spot shows significant 24H outflow, indicating selling pressure in spot markets.

Entry short $FOGO : on any bounce toward 0.0385-0.0390, watching for rejection at resistance.

Stop Loss: 0.0388-0.0392, considering recent volatility.

Target Pricev$FOGO : 0.0352 (support level)

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FOGO
FOGOUSDT
0.03788
+3.95%

#fogo #fogousdt