$FOGO Shorts 50x | Shorts are valid only as long as the zone refuses to break down.
FOGO returned directly to the supply zone we drew, and the followers who tried to chase it are now standing on the wrong side of the structure. I’ll hold these shorts, but the moment the zone fails, trading stops—no discussion.
Trading plan:
- Entry: 0.00920 – 0.00924
- TP1: 0.00909 (reward/risk 1:0.7)
- TP2: 0.00900 (reward/risk 1:1.2)
- TP3: 0.00887 (reward/risk 1:2.0)
- SL: 0.00940
Why this setup?
- Structural setup, not impulsive: the 4-hour structure stays intact as long as price respects 0.00920–0.00924 near 0.00922.
- RSI (15-minute timeframe) is at 37, neutral—meaning there’s still room for sellers to push without running into overbought buy resistance.
- Volume confirms the move: 1.58x with 681.25K traded vs the expected 429.99K—real supply, not just noise.
FOGO returned directly to the supply zone we drew, and the followers who tried to chase it are now standing on the wrong side of the structure. I’ll hold these shorts, but the moment the zone fails, trading stops—no discussion.
Trading plan:
- Entry: 0.00920 – 0.00924
- TP1: 0.00909 (reward/risk 1:0.7)
- TP2: 0.00900 (reward/risk 1:1.2)
- TP3: 0.00887 (reward/risk 1:2.0)
- SL: 0.00940
Why this setup?
- Structural setup, not impulsive: the 4-hour structure stays intact as long as price respects 0.00920–0.00924 near 0.00922.
- RSI (15-minute timeframe) is at 37, neutral—meaning there’s still room for sellers to push without running into overbought buy resistance.
- Volume confirms the move: 1.58x with 681.25K traded vs the expected 429.99K—real supply, not just noise.