$FOGO IS TESTING A SUPPLY ZONE THAT COULD REJECT HARD ๐
Entry: 0.0098 - 0.0102 ๐ฅ
Target: 0.0094 ๐
Stop Loss: 0.01095 โ ๏ธ
Price is stepping into a clear supply cluster on the lower timeframes where previous sell orders stacked. The 0.0100 round number also coincides with a 50% retrace of the last impulse down โ textbook location for shorts to lean against.
Volume is declining as price approaches this zone, suggesting the buying momentum is fading. If we see a rejection candle with a long wick here, the path back to 0.0094 opens quickly.
Are you watching this level for a short or expecting a breakout through supply?
Not financial advice. Always manage your risk.
#FOGO #ShortSetup #SupplyZone #CryptoAnalysis #Resistance
๐ฏ
Entry: 0.0098 - 0.0102 ๐ฅ
Target: 0.0094 ๐
Stop Loss: 0.01095 โ ๏ธ
Price is stepping into a clear supply cluster on the lower timeframes where previous sell orders stacked. The 0.0100 round number also coincides with a 50% retrace of the last impulse down โ textbook location for shorts to lean against.
Volume is declining as price approaches this zone, suggesting the buying momentum is fading. If we see a rejection candle with a long wick here, the path back to 0.0094 opens quickly.
Are you watching this level for a short or expecting a breakout through supply?
Not financial advice. Always manage your risk.
#FOGO #ShortSetup #SupplyZone #CryptoAnalysis #Resistance
๐ฏ