FOGO is perched just below its recent 50‑day high, yet sellers are already stepping in, eyeing the next supply zone.
🔴 $FOGO SHORT 📉 — Trade Plan
• Entry: $0.002317 – $0.002321
• Stop: $0.002389 (-3.0%)
• Target 1: $0.002284 (+1.5%)
• Target 2: $0.002203 (+5.0%)
• R/R 1:1.7 | Confidence 64%
The 15‑minute chart flashed a clear change of character as price broke lower, and the CVD turned sharply negative, confirming the shift. A fair value gap lines up with a fresh order block that was just swept, creating a POI where the OB and FVG overlap. With liquidity swept and all these signals firing together, the short bias feels concrete.
A 3.0% stop is relatively tight given the current volatility, so stay at or below 5x leverage.
Consider scaling out half of the position once the first target, about a 1.7% move, is reached.
As always: manage your risk, this is not financial advice 🙏
$FOGO #FOGOUSDT #THORChain #TradingSignals #Write2Earn
🔴 $FOGO SHORT 📉 — Trade Plan
• Entry: $0.002317 – $0.002321
• Stop: $0.002389 (-3.0%)
• Target 1: $0.002284 (+1.5%)
• Target 2: $0.002203 (+5.0%)
• R/R 1:1.7 | Confidence 64%
The 15‑minute chart flashed a clear change of character as price broke lower, and the CVD turned sharply negative, confirming the shift. A fair value gap lines up with a fresh order block that was just swept, creating a POI where the OB and FVG overlap. With liquidity swept and all these signals firing together, the short bias feels concrete.
A 3.0% stop is relatively tight given the current volatility, so stay at or below 5x leverage.
Consider scaling out half of the position once the first target, about a 1.7% move, is reached.
As always: manage your risk, this is not financial advice 🙏
$FOGO #FOGOUSDT #THORChain #TradingSignals #Write2Earn