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$FOGO FOGOUSDT | 1h | Bearish Breakdown Retest
Bias: Short
Entry Zone: 0.01695 to 0.01715
Stop Loss: 0.01742
Targets:
TP1: 0.01662
TP2: 0.01628
TP3: 0.01592
Invalidation:
Close above 0.01742
Why This Setup:
I see a clear downtrend with lower highs and a fresh breakdown from the 0.0172 area. I’m looking for a weak retest into resistance before continuation lower, with the recent volume spike suggesting liquidity was taken before the next leg down.
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