$FOGO USDT is showing serious bearish pressure right now! 🚨 Down ~9.95% to 0.057776 with a sharp drop from the 24h high of 0.067775. The chart screams volatility — massive red candle after hitting resistance near 0.107, now testing lower supports around 0.054.
Key indicators flashing caution:
Long/Short Ratio: 1.42 (Longs 58.68%, Shorts 41.32%) — still more longs, but momentum shifting.
Accumulated L/S: 1.55 — longs dominating but weakening.
Position L/S: 1.73 — heavy long bias earlier, now correcting hard.
High volume spikes on the downside (up to 1.31B in recent bars) confirm selling pressure.
Pre-market dynamics + limited liquidity = extreme swings possible!
TRADE IDEA: SHORT $FOGO USDT NOW! 🔥
Bearish momentum building after the rejection — potential for further downside in this volatile pre-launch phase.
Entry: Around current 0.0577–0.058
Take Profit: 0.0515 (first target, ~11% gain) / 0.048 (extended, ~17%+)
Stop Loss: 0.0625 (above recent swing high for protection)
High-risk setup — use low leverage, manage position size wisely! Pre-market can be wild, but the dump looks real. DYOR & trade smart! 💥
Who's jumping on this short? Drop 🔥 if you're in! Follow & turn 🔔 on for more crypto signals! 🚀
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