$FOGO Short 50x | Rejection zone hit, risk already defined.
FOGO has arrived at the zone where I need sellers to show their hand. This short has a clear invalidation line, and that is exactly why I am comfortable holding it.
Trade Plan:
- Entry: 0.00649 – 0.00651
- TP1: 0.00641 (R:R 1:0.8)
- TP2: 0.00636 (R:R 1:1.3)
- TP3: 0.00627 (R:R 1:2.0)
- SL: 0.00661
Why this setup?
- 4h still backs the short bias, and price is reacting right where I want it: 0.00649–0.00651 around 0.00650.
- 15m RSI at 47 is neutral momentum, leaving room for downside continuation, but the zone still has to prove itself.
- Volume is behind the tape: 0.81x, with 1.90M traded against 2.36M expected.
Trade here 👇 and Do you take the mapped risk here, or wait flat until the zone confirms?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
FOGO has arrived at the zone where I need sellers to show their hand. This short has a clear invalidation line, and that is exactly why I am comfortable holding it.
Trade Plan:
- Entry: 0.00649 – 0.00651
- TP1: 0.00641 (R:R 1:0.8)
- TP2: 0.00636 (R:R 1:1.3)
- TP3: 0.00627 (R:R 1:2.0)
- SL: 0.00661
Why this setup?
- 4h still backs the short bias, and price is reacting right where I want it: 0.00649–0.00651 around 0.00650.
- 15m RSI at 47 is neutral momentum, leaving room for downside continuation, but the zone still has to prove itself.
- Volume is behind the tape: 0.81x, with 1.90M traded against 2.36M expected.
Trade here 👇 and Do you take the mapped risk here, or wait flat until the zone confirms?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
