$FOGO Short 50x | Planned zone hit, position is live.
FOGO has finally stepped into the zone where the short thesis turns from theory into execution. I’m only in because the risk is defined; if supply breaks down, the trade is invalid.
Trade Plan:
- Entry: 0.00825 – 0.00827
- TP1: 0.00818 (R:R 1:0.7)
- TP2: 0.00812 (R:R 1:1.3)
- TP3: 0.00804 (R:R 1:2.0)
- SL: 0.00836
Why this setup?
- The setup isn’t floating in a vacuum: 4h structure is stacked against price while 1D stays heavy near 0.00825–0.00827.
- 15m RSI at 30 leaves room for downside only if sellers defend the zone—no chase, just patience.
- The tape supports the move: 4.00x pace with 3.12M traded versus 780.17K
