$FOGO 📉 $FOGOUSDT Perp – Trade Breakdown (Step by Step)
1️⃣ Market Structure
Strong bearish momentum. Price broke below key support and all short-term MAs (7 & 25). Trend clearly down.
2️⃣ Price Action
Last Price: 0.05720
24H Low: 0.05615
Big red candles = panic selling & weak buyers.
3️⃣ Indicators
MA(7) & MA(25) above price → bearish confirmation
No sign of reversal yet
Volume spike = distribution, not accumulation
4️⃣ Bias
🔴 Bearish until price reclaims 0.060+
5️⃣ Short Trade Idea
Entry: 0.0575 – 0.0585
Stop Loss: 0.0602
Targets:
🎯 T1: 0.0561
🎯 T2: 0.0545
🎯 T3: 0.0520
6️⃣ Invalidation
If price closes above 0.060, bearish setup fails ❌
7️⃣ Risk Management
⚠️ Use low leverage
⚠️ Risk max 1–2% per trade
⚠️ Wait for confirmation, don’t FOMO
📌 Trend is your friend — don’t fight it.
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