FOGO sweeping liquidity and reversing strongly
🟢 $FOGO - LONG
Trade Plan:
Current Price: ~0.01139
Entry Zone: 0.01085 – 0.01175
SL: 0.01035
TP1: 0.01300
TP2: 0.01480
TP3: 0.01720
FOGO recently swept sell-side liquidity aggressively before reversing sharply with increasing volume. The Entry Zone 0.01085 – 0.01175 sits right in the demand area created after the sweep. Volume has started to pick up again, suggesting buyer interest is returning. The stop loss is placed below the recent low to protect against fakeouts. Take-profit levels are projected toward the next significant resistance zones. This setup suits traders who like trading liquidity grabs and reversals.
Are you looking to catch this FOGO reversal?
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DYOR & manage risk!
FOGOUSDT
Perp
0.01304
+4.32%