$FOGO /USDT PERP – Short Trade
After a strong upward move, the price is facing rejection from the 0.0280 – 0.0285 resistance zone. The upper wicks indicate a possible liquidity grab, suggesting a potential correction from this level.
Entry: 0.0274 – 0.0278
Stop Loss: 0.0286
Take Profit Targets:
TP1: 0.0268
TP2: 0.0260
TP3: 0.0252
The rejection from strong resistance after a sharp bullish rally indicates a possible pullback. Always follow proper risk management.