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Everyone is buying $FOGO /USDT at 0.00865—but the 4h chart just flashed a trap signal.
$FOGO - SHORT
Trade Plan:
Entry: 0.0086429 – 0.0086571
SL: 0.0088904
TP1: 0.0084697
TP2: 0.0083495
TP3: 0.0081691
Why this setup?
- RSI 15m at 64.98 is overextended in a range-bound 1D trend (mean reversion setup).
- ATR 1h at 0.000077 means volatility is low—perfect for a sudden squeeze downward.
- Entry at 0.00865, TP1 at 0.00847 (2.1% drop) and TP2 at 0.00835 (3.5% drop) are within range logic.
Debate:
Are you holding the bag at 0.00865 or did you already short into this rejection?
#SummerCreationCamp