🔴 $FOGO | SHORT — Sellers still have the upper hand below EMA50
FOGO is trading around 0.00386 on the 4H timeframe, below the EMA50 at 0.00405. The 0.00387 level is resistance to watch, while 0.00375 is the next downside target.
📍 SHORT Plan
* Entry: 0.00385–0.00387
* TP1: 0.00382
* TP2: 0.00379
* TP3: 0.00375
* SL: 0.00393
📊 If the price reaches TP3, the projected reward-to-risk ratio is around 1.6R. Conversely, if the price rises above 0.00393, the SHORT scenario will be invalidated.
NFA · DYOR.
Tap below to trade with SHIN👇
FOGO is trading around 0.00386 on the 4H timeframe, below the EMA50 at 0.00405. The 0.00387 level is resistance to watch, while 0.00375 is the next downside target.
📍 SHORT Plan
* Entry: 0.00385–0.00387
* TP1: 0.00382
* TP2: 0.00379
* TP3: 0.00375
* SL: 0.00393
📊 If the price reaches TP3, the projected reward-to-risk ratio is around 1.6R. Conversely, if the price rises above 0.00393, the SHORT scenario will be invalidated.
NFA · DYOR.
Tap below to trade with SHIN👇
