$FOGO is experiencing a sharp drop with high volume, falling over 23% in a single day. Combined with high open interest, this is a typical pattern of major players distributing their holdings/long positions being liquidated.
🎯Direction: Short
🎯Entry: 0.0270 - 0.0275
🛑Stop Loss: 0.0290 (Rigid stop loss; a break below this level invalidates the downtrend)
🚀Target 1: 0.0240
🚀Target 2: 0.0210
$FOGO's price action (PA) shows a one-sided, high-volume decline, suggesting "major players distributing their holdings." High volume and high open interest (OI) accompanying the price plunge indicate overwhelming selling pressure and a complete lack of buying support. This is a typical trend continuation signal, not a healthy pullback. As long as the price cannot recover above 0.0290, the downward momentum will continue. Trade here 👇$FOGO
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{future}(FOGOUSDT)




