#fogo $FOGO
Retail investors think this is an opportunity, but to the big players, it is a harvesting point.
In the past 24 hours, $FOGO has been fluctuating back and forth within a range. Many people feel this is a buildup, a precursor to a 'breakthrough', and thus become more and more excited as they wait. But what worries me more is the repeated handover at high levels. The longer the range lasts, the more short-term chips accumulate, and once it becomes unbalanced, the sell-off will happen quickly.
A real trend will not be long-term suppressed in a narrow range hesitating. Prolonged sideways movement is sometimes not about accumulating chips, but about emotional exhaustion. Once everyone gets used to this rhythm, the direction often suddenly chooses a side.
Don't treat fluctuations as a safe zone; real risks are often hidden in the calmest phases.
