🐳 Is $FOGO Bottoming Out? My Whale Tracking Strategy! 📉
I’ve been eyeing FOGO/USDT as it navigates a critical crossroads. While retail seems to be in "panic mode" following the -54% drop from its January peak, I’ve noticed a massive 48% surge in trading volume—reaching nearly $32.8 million. This usually means the big players are starting to move.
I'm seeing a classic "tug of war" between aggressive whale accumulation and early airdrop distribution. Here is exactly how I’m trading this volatility:
🎯 My Trade Setup
My Entry: I am waiting for a clean break and flip of $0.025 into support.
Take Profit (TP): I’m targeting $0.028 and a secondary moon-bag at $0.034.
Stop Loss (SL): I’m placing my hard stop at $0.0215, just below the recent swing low.
💡 Why I’m Bullish on the Dip
I see $FOGO holding a "must-hold" support zone between $0.020 and $0.022. The RSI is currently neutral, which tells me there is plenty of room for a vertical recovery if the whales decide to squeeze the shorts.
Are you going to let the whales take your bags, or are you riding with them? Let's talk strategy below! 👇
#FOGO #WhaleAlert #cryptotrading #BinanceSquare #TechnicalAnalysis