$FOGO Short 10x | Zone touch confirmed, invalidation defined.
FOGO has hit the critical level where the short position is either upheld or invalidated. The short remains in play, contingent on the zone's continued support.
Trade Plan:
- Entry: 0.00676 – 0.00679
- TP1: 0.00668 (R:R 1:0.8)
- TP2: 0.00661 (R:R 1:1.3)
- TP3: 0.00651 (R:R 1:2.0)
- SL: 0.00690
Why this setup?
- The short setup is intact on 4h, with price action respecting 0.00676–0.00679 while the daily trend stays bearish.
- 15m RSI at 68 suggests sellers have room to push lower from an elevated stance, provided they defend the level.
- Current volume at 4.00x, with 235.27K traded against 58.82K anticipated, indicates solid participation behind this move.
Trade here 👇 and are we in the sweet spot for shorts, or is it wiser to wait for a clearer signal?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
FOGO has hit the critical level where the short position is either upheld or invalidated. The short remains in play, contingent on the zone's continued support.
Trade Plan:
- Entry: 0.00676 – 0.00679
- TP1: 0.00668 (R:R 1:0.8)
- TP2: 0.00661 (R:R 1:1.3)
- TP3: 0.00651 (R:R 1:2.0)
- SL: 0.00690
Why this setup?
- The short setup is intact on 4h, with price action respecting 0.00676–0.00679 while the daily trend stays bearish.
- 15m RSI at 68 suggests sellers have room to push lower from an elevated stance, provided they defend the level.
- Current volume at 4.00x, with 235.27K traded against 58.82K anticipated, indicates solid participation behind this move.
Trade here 👇 and are we in the sweet spot for shorts, or is it wiser to wait for a clearer signal?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
