$FOGO IS REJECTING RESISTANCE โ SHORT SETUP ACTIVE ๐ด
Entry: 0.01295 โ 0.01310 ๐ฅ
Target: 0.01260 / 0.01220 / 0.01180 ๐
Stop Loss: 0.01360 โ ๏ธ
The rally on
$FOGO has run into a hard wall. I'm seeing clear bearish rejection candles printing right at resistance, and sellers are stepping in with volume. The 1H chart shows a potential double top forming โ a classic exhaustion signal.
If this level holds, the path of least resistance is down toward the first target at 0.01260. The R:R on the initial move is nearly 1:2, which makes this worth watching closely.
Are you shorting here or waiting for a lower-high confirmation?
Not financial advice. Always manage your risk.
#FOGO #ShortSetup #Bearish #ResistanceReject ๐