Guys, quick update, if you’re currently holding a long position on $FOGO , it’s probably a good idea to close it ASAP.‼️🤧
We've just opened a short on $FOGO. The price structure is clearly breaking down, and early signs of a dump are already visible. Momentum is shifting bearish, and liquidity below is likely to get swept.
From a technical perspective, this looks like a classic distribution phase turning into a downside expansion. Lower highs are forming, volume is increasing on red candles, not something you want to fight.
I’m expecting further downside continuation, so the short setup looks solid for now.
SL: 0.021
Targets:
TP1: 0.017
TP2: 0.016
TP3: 0.015
TP4: 0.014
Manage your risk properly, don't go all in, and always keep a stop loss in place. The market can always surprise you.
Trade smart, stay disciplined, and don’t let emotions take over. We ride trends, not hope.
