Most traders are leaning long on $FOGO but the 4H chart is hinting at a possible rejection.
$FOGO – SHORT
Trade Setup: Entry: 0.0090489 – 0.0090911 Stop Loss: 0.0096221
Targets: • 0.0086559 • 0.0083799 • 0.0079659
Why this trade? • The 15m RSI sits near 54.43, showing balanced momentum rather than a strong bullish push. • The daily structure remains range-bound, leaving room for a downside move. • A short from the entry zone offers an attractive risk-to-reward if price stays within the current range.
Question: Is this another liquidity grab before a drop, or will the range continue to expand?
Trade here 👇️
$FOGO – SHORT
Trade Setup: Entry: 0.0090489 – 0.0090911 Stop Loss: 0.0096221
Targets: • 0.0086559 • 0.0083799 • 0.0079659
Why this trade? • The 15m RSI sits near 54.43, showing balanced momentum rather than a strong bullish push. • The daily structure remains range-bound, leaving room for a downside move. • A short from the entry zone offers an attractive risk-to-reward if price stays within the current range.
Question: Is this another liquidity grab before a drop, or will the range continue to expand?
Trade here 👇️