The post-listing distribution process is not over yet.
๐ด $FOGO - SHORT SELL
Trading plan:
Current price: ~$0.002637
Entry zone: $0.002620 โ $0.002720
SL: $0.002950
TP1: $0.002480
TP2: $0.002300
TP3: $0.002080
FOGOโs post-listing structure is a typical distribution pattern: an initial spike, followed by a lower high, and now a third lower high forming in the $0.00270โ$0.00295 supply zone โ while the current price of $0.002637 sits within the $0.002620โ$0.002720 entry zone. The 1H EMA20 at $0.00268 and EMA50 at $0.00275 are both overhead, stacked and sloping downward, blocking every rebound. The volume profile shows its largest node at $0.00262โ$0.00275, where late buyers are trapped; this zone now acts as resistance rather than support. If the price breaks below $0.002480, the $0.002300 liquidity zone opens up, with $0.002080 as a deeper measured target based on the initial spike. Placing the stop loss above $0.002950 would invalidate the sequence of lower highs and protect against
๐ด $FOGO - SHORT SELL
Trading plan:
Current price: ~$0.002637
Entry zone: $0.002620 โ $0.002720
SL: $0.002950
TP1: $0.002480
TP2: $0.002300
TP3: $0.002080
FOGOโs post-listing structure is a typical distribution pattern: an initial spike, followed by a lower high, and now a third lower high forming in the $0.00270โ$0.00295 supply zone โ while the current price of $0.002637 sits within the $0.002620โ$0.002720 entry zone. The 1H EMA20 at $0.00268 and EMA50 at $0.00275 are both overhead, stacked and sloping downward, blocking every rebound. The volume profile shows its largest node at $0.00262โ$0.00275, where late buyers are trapped; this zone now acts as resistance rather than support. If the price breaks below $0.002480, the $0.002300 liquidity zone opens up, with $0.002080 as a deeper measured target based on the initial spike. Placing the stop loss above $0.002950 would invalidate the sequence of lower highs and protect against
