Bears are tightly maintaining control over $FOGO /USDT as macro downward momentum remains heavily dominant.
$FOGO - SHORT
Trade Plan:
Entry: 0.00915 – 0.00935
SL: 0.00975
TP1: 0.00870
TP2: 0.00820
TP3: 0.00760
Why this setup?
High confidence SHORT bias aligned with the daily macro trend. the daily RSI(6) is deeply depressed at 27.47, highlighting intense distribution under all major EMAs. While a minor intraday consolidation range on the 15m chart between 0.00886 and 0.00932, the 4h chart confirms heavy rejection under the EMA(7) line. A breakdown past the 0.00870 local support will open the floodgates for deeper downside expansion.
Debate:
Will the 0.00870 floor hold for a brief relief bounce, or will it break instantly to trigger massive liquidations?
$FOGO - SHORT
Trade Plan:
Entry: 0.00915 – 0.00935
SL: 0.00975
TP1: 0.00870
TP2: 0.00820
TP3: 0.00760
Why this setup?
High confidence SHORT bias aligned with the daily macro trend. the daily RSI(6) is deeply depressed at 27.47, highlighting intense distribution under all major EMAs. While a minor intraday consolidation range on the 15m chart between 0.00886 and 0.00932, the 4h chart confirms heavy rejection under the EMA(7) line. A breakdown past the 0.00870 local support will open the floodgates for deeper downside expansion.
Debate:
Will the 0.00870 floor hold for a brief relief bounce, or will it break instantly to trigger massive liquidations?