📢$FOGO USDT PERP TECHNICAL ANALYSIS BEARISH CONTINUATION AHEAD 📉💥💥💥
$FOGO USDT is showing signs of weakness after failing to hold above key resistance zones. Price action suggests a corrective move is likely to extend lower as sellers maintain control. Rejections from the upper supply area and weakening structure point toward a bearish continuation in the next move.
Market Structure: Bearish
Bias: Sell on strength / continuation breakdown
Key Resistance Zone:
• 0.03990 – 0.04280 (major supply and rejection area)
$FOGO short entry 👇📉
Bearish Targets (TP):
• TP1: 0.03700
• TP2: 0.03410
• TP3: 0.03120
• TP4: 0.02900
• Extended TP: 0.02835
Stop Loss (SL):
• Above 0.04280 (daily close basis)
Momentum favors sellers as long as price remains below the resistance zone, increasing the probability of a downside expansion toward lower demand levels.
Risk Management:
Risk only a small percentage per trade, follow strict stop loss discipline, and avoid overleveraging.
#TechnicalAnalysis #CryptoTrading #BearishTrend #Mag7Earnings #SouthKoreaSeizedBTCLoss