FLow fogo_layer1 SEAlevel pricefogo

$FOGO can this coin boost to slow

$FOGO | 1H | Bearish Continuation Short Bias: Short Entry Zone: 0.00925 to 0.00945 Stop Loss: 0.00978 Targets: TP1: 0.00885 TP2: 0.00835 TP3: 0.00790 Invalidation: Close above 0.00978 Why This Setup: I’m watching a lower-high structure after the sharp rejection from the recent spike, with price now grinding below the broken support area. Sellers still control the trend, and I want a short on any weak retest into resistance for continuation lower.

Oversold Coins Starting to Get Attention Several futures pairs have seen sharp corrections recently and are now entering areas where traders usually start looking for reversal opportunities. Coins currently under pressure: • $LAB down around 18% - 22% • bel down around 20% - 24% • $PORTAL down around 12% - 16% • $FOGO down around 6% - 10% • $RIF down around 14% - 18% Heavy selling often creates oversold conditions, but oversold does not automatically mean the bottom is already in. The key thing to watch now is whether buyers begin stepping in with stronger volume. My focus would be: • Coins that hold support after the sell-off. • Strong recovery candles with rising volume. • Higher lows forming after the initial bounce. • Bitcoin remaining stable above major support levels. The first bounce after a sharp drop is usually technical. The second and third bounce are where real strength starts to show. If market sentiment improves, some of these oversold names could offer attractive recovery trades. For now, patience and confirmation remain more important than rushing into entries. Fear creates discounts. Volume confirms opportunity.

$FOGO | 1h | Breakdown Short Bias: Short Entry Zone: 0.00995 to 0.01010 Stop Loss: 0.01058 Targets: TP1: 0.00942 TP2: 0.00902 TP3: 0.00842 Invalidation: Close above 0.01058 Why This Setup: I’m trading the continuation of the lower-high structure after the failed bounce into resistance. Price is pressing the recent support area, and a clean breakdown from here opens the next liquidity levels below.