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$FOGO (1h) - Bearish Rejection Short
Bias: Short
Entry (Zone): 0.01226 - 0.01234
Targets:
TP1: 0.01200
TP2: 0.01172
TP3: 0.01138
Stop Loss: 0.01275
Why this Setup:
I’m shorting the failed push into resistance after the sharp rejection from the recent high. I want a retrace back into the prior support zone, with the move confirming weakness if price can’t reclaim 0.01234 cleanly.