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$FOGO (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.01398 - 0.01405
Targets:
TP1: 0.01372
TP2: 0.01355
TP3: 0.01335
Stop Loss: 0.01418
Why this Setup:
I’m shorting the failed bounce back into the range after a sharp rejection from the recent highs. I want entry on strength near resistance, with downside targets back toward the prior lows where price has already shown acceptance. The structure still favors a quick snap lower if sellers defend this zone again.