🚨 $FOGO TAPS PREMIUM SUPPLY ZONE WITH BEARISH REJECTION 🔻
Entry: 0.00860 - 0.00861 ⚡
Target: 0.00845 🎯
Stop Loss: 0.00869 ⚠️
$FOGO has officially tapped the overhead supply zone previously identified on the higher timeframe chart. Price action is showing signs of momentum exhaustion as liquidity builds above local highs. 📊
With market structure leaning weak at key resistance, the risk-to-reward clearly favors a controlled short distribution play down toward lower demand pockets. 💡 We look for continued sell-side expansion to drive price into final targets. 📉
💬 Are you shorting this structural rejection or watching from the sidelines? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #FOGO #ShortSetup #Crypto #MarketStructure #Trading
🎯 🐻
Entry: 0.00860 - 0.00861 ⚡
Target: 0.00845 🎯
Stop Loss: 0.00869 ⚠️
$FOGO has officially tapped the overhead supply zone previously identified on the higher timeframe chart. Price action is showing signs of momentum exhaustion as liquidity builds above local highs. 📊
With market structure leaning weak at key resistance, the risk-to-reward clearly favors a controlled short distribution play down toward lower demand pockets. 💡 We look for continued sell-side expansion to drive price into final targets. 📉
💬 Are you shorting this structural rejection or watching from the sidelines? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #FOGO #ShortSetup #Crypto #MarketStructure #Trading
🎯 🐻