$FWOG

FWOG

Alpha

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$FWOG saw a sharp rejection from the 0.0146–0.0147 zone and printed a strong bearish impulse candle, breaking the local support area around 0.0130. This kind of fast drop usually signals distribution after a failed push higher. Price is now sitting near 0.0122, where a minor bounce can happen, but structure still favors sellers unless it quickly reclaims the breakdown zone.

Bias: bearish continuation (short-term)

Entry zone

0.0124 – 0.0126

Targets

Target 1: 0.0118

Target 2: 0.0112

Stop loss

0.0132 (above the broken support and recent consolidation)

If price struggles to recover above 0.0130, downside pressure is likely to continue toward the lower liquidity zones.

#FWOG #CryptoTrading