$FOGO 24h trading volume 86.57 million USD, and 1.1 billion coins—the average price has been pushed down to around 0.0077.
This isn’t called a dump. This is called wholesale liquidation.
When the volume is stacked up at low levels, it’s either panic selling or the project team distributing. From the 0.0091 high to now, it’s down 18%, but out of the 1.1 billion traded volume, how much of it is real user demand? Old ‘green-hand’ traders don’t look at price going up or down at first glance—they look at where the volume comes from and where it’s going.
Right now the price is churning around 0.0075. It’s only 3.7% away from the intraday low at 0.0072. If it doesn’t break lower, it means there’s real money buying at the 0.0072 line. If it breaks, then there’s no support underneath.
The bulls have no reason to enter now—no catalyst, no divergence, and no reversal signals. The shorts have already made enough; if they keep pushing down, they’re just crushing their own profits.
My view: Breaking below 0.0072 is the trigger point that will accelerate the sell-off. I won’t touch it in the short term—wait for a right-side confirmation.
🚨Would you place a buy order at 0.0072 to catch the falling knife, or wait until it reclaims 0.0085 on increased volume before entering?
Drop your strategy in the comments. One week from now, we’ll see who guessed right—if you’re right you can take the credit, and if you’re wrong I’ll treat you to the joy of eating nothing but plain wind from the northwest.
#FOGO
This isn’t called a dump. This is called wholesale liquidation.
When the volume is stacked up at low levels, it’s either panic selling or the project team distributing. From the 0.0091 high to now, it’s down 18%, but out of the 1.1 billion traded volume, how much of it is real user demand? Old ‘green-hand’ traders don’t look at price going up or down at first glance—they look at where the volume comes from and where it’s going.
Right now the price is churning around 0.0075. It’s only 3.7% away from the intraday low at 0.0072. If it doesn’t break lower, it means there’s real money buying at the 0.0072 line. If it breaks, then there’s no support underneath.
The bulls have no reason to enter now—no catalyst, no divergence, and no reversal signals. The shorts have already made enough; if they keep pushing down, they’re just crushing their own profits.
My view: Breaking below 0.0072 is the trigger point that will accelerate the sell-off. I won’t touch it in the short term—wait for a right-side confirmation.
🚨Would you place a buy order at 0.0072 to catch the falling knife, or wait until it reclaims 0.0085 on increased volume before entering?
Drop your strategy in the comments. One week from now, we’ll see who guessed right—if you’re right you can take the credit, and if you’re wrong I’ll treat you to the joy of eating nothing but plain wind from the northwest.
#FOGO