One chart can convey complete information about all aspects of a situation.
The initial visual shows a traditional launch pattern which begins with strong ignition and proceeds through vertical acceleration while traders enter the market because price momentum increases. The move occurred with great intensity but it showed powerful emotional force which enabled it to proceed with great speed. Rockets require actual fuel to operate their engines because they cannot function on hype. The operational system needed fuel to sustain its activities but it crashed because of an empty fuel tank.
The descent back to earth developed into an abrupt descent which resulted in a complete stall of the aircraft. The process began with an abrupt descent which ended when the aircraft entered a complete stall state.
The price movement showed a sudden decline which penetrated short-term support points without facing any resistance. The kind of breakdown which occurs during market trading needs more than basic market traders to handle it because it transforms all market emotions into complete new market conditions. The market showed increasing volume during the decline because sellers needed to sell quickly while buyers showed no organized defense at all. The market shows a clear message when investors show no interest in previous breakout areas because the market has lost its ability to pay yesterday's prices.
The fogo shows no proper market behavior because it keeps moving down instead of experiencing market settlements through clean market exits which precede strong market buying. The fogo shows weak bounces because all trading sequences stop operating at specific points. The market shows resistance since every attempt to reach higher levels meets selling pressure which sells into trading strength. The market shows distribution because it follows selling activity which shows no accumulation of buying pressure.
The last remaining option for the situation rests on rescue volume.
The @Fogo Official needs fresh buyers who will join the market with definite buying power to create a lasting market foundation. The market needs more than retail investors buying the dip because it requires active market participants to purchase significant quantities of products. A true market bottom emerges when sellers reach their limits but buyers manage to outnumber all remaining inventory. The market shows no support at all because buyers have not reached the necessary buying shift which would establish new support levels.
The current situation requires assessment to determine whether the area will develop into an actual base or become a temporary halt before the market declines yet again.
The market could establish stability if buyers appear with strong buying activity which leads to increased volume and movement to higher points followed by market close at session peak values. #fogo $FOGO
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