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$FOGO (1h) - Bearish Continuation
Bias: Short
Entry (Zone): 0.01665 - 0.01682
Targets:
TP1: 0.01635
TP2: 0.01605
TP3: 0.01575
Stop Loss: 0.01708
Why this Setup:
I see the 1h trend still leaning lower after a sharp breakdown and weak bounce attempts, so I prefer selling into any recovery toward nearby resistance. I’m using a tight invalidation above the last intraday swing high, while the downside still has room to extend toward the prior lows if momentum stays heavy.