#数字资产市场动态 $FOGO shorting opportunity emerging? Look at this trend
The performance of $FOGO/USDT has been quite interesting recently. From a technical perspective, the price has hit a wall at 0.034–0.035, with a clear long upper shadow. After a surge in trading volume, selling pressure has become more apparent. In simple terms, it couldn't push higher and was pushed back down.
Signs of waning momentum are obvious, and the structure on lower timeframes is also weakening. Unless the price can stabilize above 0.035 (which currently seems unlikely), the short-term signal remains bearish.
**Downside targets are sequentially:** First level: 0.0280 Second level: 0.0255 Third level: 0.0220
Market speculation is cooling down; a pullback to the demand zone of 0.026–0.022 is the normal rhythm. The key now is whether the price can find support and avoid exceeding expectations on this decline. Trading is like that—opportunities and risks are often just a hair's breadth apart.
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XiaoyaoSect999
· 18h ago
This is a trash coin
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ETHReserveBank
· 21h ago
If you can't reach 0.035, it's time to run. This short position feels stable.
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AirdropDreamer
· 21h ago
Going short again. Will FOGO drop to 0.022 this time? Feels unlikely.
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JustHereForAirdrops
· 21h ago
0.035 this level really can't be held, with such a long upper shadow, it should have been bearish long ago.
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BoredApeResistance
· 21h ago
It's the same old trick again—if you can't push up, you have to bring it down. Sounds so real, haha.
#数字资产市场动态 $FOGO shorting opportunity emerging? Look at this trend
The performance of $FOGO/USDT has been quite interesting recently. From a technical perspective, the price has hit a wall at 0.034–0.035, with a clear long upper shadow. After a surge in trading volume, selling pressure has become more apparent. In simple terms, it couldn't push higher and was pushed back down.
Signs of waning momentum are obvious, and the structure on lower timeframes is also weakening. Unless the price can stabilize above 0.035 (which currently seems unlikely), the short-term signal remains bearish.
**Shorting strategy reference:**
Entry zone: 0.0305 – 0.0330
Stop loss at: 0.0355
**Downside targets are sequentially:**
First level: 0.0280
Second level: 0.0255
Third level: 0.0220
Market speculation is cooling down; a pullback to the demand zone of 0.026–0.022 is the normal rhythm. The key now is whether the price can find support and avoid exceeding expectations on this decline. Trading is like that—opportunities and risks are often just a hair's breadth apart.