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$FOGO (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.01625 - 0.01640
Targets:
TP1: 0.01605
TP2: 0.01588
TP3: 0.01568
Stop Loss: 0.01678
Why this Setup:
I see price still rejecting the recent bounce zone and losing momentum below the local 0.0165 area, so I prefer shorting into weakness. I’m looking for a continuation move back toward the prior support levels, with invalidation above the intraday swing high.