$FOGO /USDT — BEARS IN CONTROL, RELIEF BOUNCES FACE HEAVY SUPPLY 🚨

Market Next Move:

$FOGO /USDT has printed a sharp bearish breakdown after rejecting from the 0.03536 high, with price now trading near 0.02845. Strong sell volume and failure to reclaim key moving averages suggest continued downside pressure, while any bounce is likely to be a dead-cat bounce unless bulls reclaim the demand zone convincingly.

📉 Technical Explanation (Quick)

Price broke below the short-term support and is holding under key EMAs

Volume expansion on the downside confirms distribution

Order book shows thick sell walls above 0.030–0.032

Momentum indicators favor bears, trend remains weak

🔻 Trade Setup (SHORT – Trend Following)

Entry (Short):

0.0290 – 0.0300 (on pullback / rejection)

Stop-Loss (SL):

0.0325 (above supply & EMA cluster)

Targets (TP):

🎯 TP1: 0.0260

🎯 TP2: 0.0240

🎯 TP3: 0.0225 (liquidity sweep zone)

> Aggressive traders can trail SL after TP1 is hit.

📊 Market Outlook

Overall structure remains bearish unless FOGO reclaims 0.032–0.033 with strong volume. Until then, rallies are selling opportunities. Caution advised due to high volatility and campaign-driven hype.

#FOGOUSDT #CryptoTA #BearishTrend #AltcoinAlert #BinanceStyle $FOGO

FOGOUSDT

Perp

0.03391

-4.69%