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$FOGO USDT SHORT SETUP

$FOGOUSDT has been showing minor bullish retracement after touching a recent low at $0.02712, currently trading around $0.02929. Price faces resistance near $0.030–$0.031, which aligns with previous consolidation levels and 24h highs.

Technical Observations:

Current Price: $0.02929 (+5.40%)

24h High: $0.03447

24h Low: $0.02712

24h Volume (FOGO): 886.21M

24h Volume (USDT): 26.45M

Analysis:

The price is approaching key resistance at $0.030–$0.031, making it a potential short opportunity.

Momentum shows slight bearish divergence; buyers may struggle to push above $0.031.

A break below $0.02900 could accelerate downside toward $0.02750–$0.02700.

Short Setup:

Entry: $0.02900–$0.03000

Targets: $0.02750 / $0.02700

Stop Loss: $0.03120

FOGO is likely to test lower support levels if it fails to break $0.031 convincingly.