$FOGO ‌ Shows strong rejection at the resistance level — momentum leans towards further decline


Trade setup: Sell (Short)
Entry zone: $0.01440 – $0.01480
SL: $0.01568
TP1: $0.01360
TP2: $0.01260
TP3: $0.01171
After a sharp impulsive uptrend, FOGO faces strong selling pressure and shows rejection from a key resistance zone. If buyers fail to reclaim the breakout high, the price is likely to continue correcting towards the mentioned downside targets
FOGOUSDT
Perpetual
0.01435
+24.24%
Execute the trade here on $FOGO ‌ ?
#fogo ?
FOGO-8.77%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
Add a comment
Add a comment
SeaSaltAirdropNotes
· 5h ago
The risk-reward ratio on this trade feels great. Scale out at three take-profit levels; even catching just one leg is fine.
View OriginalReply0
MountainShadowsBeforeTheStorm
· 6h ago
FOGO's distribution after such a rapid pump is classic. Brothers chasing longs, be careful not to become fuel.
View OriginalReply0
RetroRadioIridescence
· 6h ago
Arab trader's signal? Execution is key. Don't hesitate when the price hits the level.
View OriginalReply0
OrigamiMountainsAndRivers
· 6h ago
The resistance is clearly rejecting, and the bearish structure is clear. Try placing a short order in the 0.0144–0.0148 range—just make sure your stop loss is set.
View OriginalReply0
  • Pinned