Alright, hear me out🤫⚠️
$FOGO has been absolutely nuked into oblivion (down over 75% in 180 days 💀).
The daily chart is deep in a downtrend, but we finally got a green daily candle today, printing a local bounce off the 0.0045 floor.
We're seeing a bit of volume creeping in (1.26B), and it's up almost 3% on the day.
This is strictly a falling knife bounce play, not a macro bottom call.
I'm throwing a small bag at this for a quick scalp:
🎯 Entry: 0.00470 - 0.00475 (current market is fine)
🎯 Take Profit 1: 0.0050 (24h high / psychological resistance)
🎯 Take Profit 2: 0.0055 (next structure level)
🛑 Stop Loss: 0.0044 (If it loses this, we're going to new lows, cut it fast)
⚠️The trend is still down.
$FOGO
$FOGO has been absolutely nuked into oblivion (down over 75% in 180 days 💀).
The daily chart is deep in a downtrend, but we finally got a green daily candle today, printing a local bounce off the 0.0045 floor.
We're seeing a bit of volume creeping in (1.26B), and it's up almost 3% on the day.
This is strictly a falling knife bounce play, not a macro bottom call.
I'm throwing a small bag at this for a quick scalp:
🎯 Entry: 0.00470 - 0.00475 (current market is fine)
🎯 Take Profit 1: 0.0050 (24h high / psychological resistance)
🎯 Take Profit 2: 0.0055 (next structure level)
🛑 Stop Loss: 0.0044 (If it loses this, we're going to new lows, cut it fast)
⚠️The trend is still down.
$FOGO