$FOGO Short setup — cleaned up view
Price is reacting from the 0.01803–0.01813 supply pocket, which has already started showing rejection behavior. If sellers keep control here, downside continuation stays valid in the short term.
$FOGO SHORT (50x Isolated)
Entry: 0.01803 – 0.01813
Stop Loss: 0.01839
Take Profits:
TP1: 0.01777 (R:R 1:1.0)
TP2: 0.01766 (R:R 1:1.3)
TP3: 0.01745 (R:R 1:2.0)
Market read:
Rejection from resistance zone suggests supply is active
Lower timeframe RSI near 34 → room for continuation if momentum holds
Volume below expected levels but still showing sell-side participation
Key invalidation is simple: if price reclaims above 0.01813–0.01839, this short thesis weakens quickly and turns into a trap zone.
So this is basically a “sell pressure continuation vs. rejection failure” situation — execution depends on how cleanly the range holds.
