$FOGO Short 50x | This is the exact shelf I was waiting to defend.
FOGO has finally stepped into the zone that keeps the bearish case honest. I’m already short with a clean invalidation above, so the reaction here is what matters.
Trade Plan:
- Entry: 0.00896 – 0.00899
- TP1: 0.00887 (R:R 1:0.8)
- TP2: 0.00880 (R:R 1:1.3)
- TP3: 0.00869 (R:R 1:2.0)
- SL: 0.00911
Why this setup?
- The 4h structure still backs the downside, and price is respecting the 0.00896–0.00899 block near 0.00898.
- 15m RSI at 39 shows no overbought fuel, leaving room for the next leg down if the zone holds.
- Volume confirms the move: 0.44x with 251.79K traded against 566.45K expected, so sellers are showing up.
My call. Your execution..
Trade here 👇 and Do you fade this push immediately, or wait for a retest of the lower edge before committing?