🚨$FOGO Clear Downtrend with potential short-term oversold bounce
Strong bearish alignment in MAs, negative MACD, and consistent capital outflows support further downside. However, deeply oversold RSI and KDJ values, along with price near BOLL lower band, suggest a potential short-term rebound.
Entry short $FOGO : on any rebound towards resistance levels, particularly near 0.0390 or MA5 0.0386.
• Alternatively, if price breaks below support 0.0357 with volume, enter short with confirmation.
Stop-Loss: 0.0405 if shorting near 0.0390
Target Price: Aim for support 0.0346 or lower
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🚨 If trading Long at current price for a rebound, target 0.0385- 0.039 for quick exits
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