$FOGO
📉 Market Update: Strong Selling Pressure in Play
Today’s session is dominated by heavy red candles and rising volume, showing clear panic selling / distribution behavior. The market is down ~8.9%, and volume spike confirms that this move is backed by real selling, not just low liquidity noise.
🔍 What’s happening?
• Sellers are in control — buyers are stepping back
• High volume during the drop = weak hands exiting
• Price is searching for a strong demand zone / support
🧠 Smart approach now:
✔ Avoid emotional entries
✔ Let price stabilize near support
✔ Watch for volume drop + base formation before any long
✔ Short-term traders: volatility is high, manage risk tightly
📌 Key reminder:
Big red days often create future opportunities, but only for those who stay patient and disciplined.