$FOGO Hello! 📉 I'm sharing a quick overview of FOGO/USDT because the situation on the chart is getting interesting. It looks like after this strong drop (-8%) we are slowly looking for a bottom. 🧐
The RSI on the 1h is already totally oversold (scraping the bottom at 15-24 points), and the price has fallen outside the lower Bollinger band. 🚨 Usually, after such a move, a technical rebound follows, and in the order book, it can be seen that bulls have set up purchases around 0.03000. 🐂
My setup for the rebound:
🚀 Entry: approx. 0.03020
💰 TP1: 0.03150 (quick profit)
🎯 TP2: 0.03260 (average test)
🛡️ SL: 0.02940 (tight, in case support breaks)
Remember that this is just a scalp for a correction of the drops, so no craziness with position size! ✋ Good luck and green lights! 💚🍀
The RSI on the 1h is already totally oversold (scraping the bottom at 15-24 points), and the price has fallen outside the lower Bollinger band. 🚨 Usually, after such a move, a technical rebound follows, and in the order book, it can be seen that bulls have set up purchases around 0.03000. 🐂
My setup for the rebound:
🚀 Entry: approx. 0.03020
💰 TP1: 0.03150 (quick profit)
🎯 TP2: 0.03260 (average test)
🛡️ SL: 0.02940 (tight, in case support breaks)
Remember that this is just a scalp for a correction of the drops, so no craziness with position size! ✋ Good luck and green lights! 💚🍀