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$FOGO (1h) - Bear Flag Breakdown
Bias: Short
Entry (Zone): 0.01210 - 0.01222
Targets:
TP1: 0.01182
TP2: 0.01156
TP3: 0.01120
Stop Loss: 0.01266
Why this Setup:
I’m treating the recent bounce as a weak pullback after a sharp selloff, and I want to short any retest that fails to reclaim the broken range. The structure still leans bearish, so I’m targeting a continuation move back toward the prior lows if sellers keep control.