๐ฅ *$FOGO SHORT SETUP* ๐
๐ *Entry:* $0.054 - 0.055
๐ *TP1:* $0.045
๐ *TP2:* $0.040
๐จ *SL:* $0.060
Reasoning:
$FOGO is down ~25% from the Jan 10 high and continues making lower highs/lows. Despite high volume (~26% of market cap traded in 24h), thereโs no clear reversal signal yet.
Sentiment is only neutral-slightly bullish, not strong enough to absorb supply. A clean break below $0.05 likely accelerates downside toward $0.045โ0.04.
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Trade here๐
FOGOUSDT
Perp
0.02139
-10.42%
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