$FOGO O just bounced 18% off the lows. But here’s the part nobody’s talking about yet. 🚨
Retail sees a dead cat bounce. Smart money sees a short squeeze loading. Which one is it?
Whales are still holding 80% of the supply — and the mainnet just burned 237M tokens permanently after the exploit recovery. Supply shock is real.
But price is trapped under the 8 EMA at $0.002668 — the exact line that decides if this bounce becomes a trend or a trap.
Here’s the trade:
· Support: $0.00245 (must hold)
· Stronger floor: $0.00220
· First target: $0.00285
· Breakout confirmation: $0.00310
I got chopped trying to short the wick at $0.00219**. Reloaded long at **$0.00248. The RSI was screaming oversold at 29.8 — that’s not a coincidence.
The setup is simple: hold $0.00245**, and the squeeze toward **$0.00285 is live. Lose it, and we retest the monthly base. No in-between.
$FOGO is sitting at the exact level that decides the next 20% move. Are you buying this bounce or fading it? 👇
Follow me for daily levels before the crowd sees them.
DYOR / NFA. Trade your plan, not your emotions.
#writetoearn $FOGO #USMidterms-WhatAreMarketsExpecting? #CryptoLevels #Altcoins