FOGO/USDT has been interesting recently. The previous rally was good, but now you can feel the momentum clearly waning, with a gradual pullback from the local high. Selling pressure is gradually entering the market, and market sentiment is shifting.
From a technical perspective, there is indeed an opportunity to short here. We can look for entry points between 0.0395 and 0.0405. If the price can fall below this range, the first target is 0.0380, the second target is 0.0368, and the most aggressive target is set at 0.0355. Place your stop-loss at 0.0420; if it breaks above that, cut your losses.
As long as FOGO remains below the resistance level, downward pressure will persist. Be cautious during small rebounds to avoid getting trapped, especially not to be swayed by market sentiment and buy impulsively. The market can test you at any time—whether a rebound to a key level will be rejected again is something we need to watch closely. Wait for opportunities and avoid chasing highs—this is the core logic of this market trend.
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tokenomics_truther
· 21h ago
It's the same old argument about waiting for the right opportunity and not chasing highs... However, this time I can clearly see the 0.0395 level. I just can't understand why some people always rush in during a rebound and get trapped. Are they really that bored?
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ForkYouPayMe
· 21h ago
It's starting to decay again. This wave of FOGO is really a bit dull.
Wait for the rebound and then decide. Don't chase blindly, everyone.
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OnchainSniper
· 21h ago
Yeah, I have a pretty good sense of the momentum decay. I'm also watching this level, but the stop loss at 0.0420 is a bit tight.
Don't just listen to the story; you need to see if the trading volume supports the decline. Otherwise, it's just a weak rebound pattern.
The key is whether the resistance level is broken or not. Only after it breaks can we have a clearer picture.
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NervousFingers
· 21h ago
Another bearish trader has appeared. I've heard the decaying momentum argument too many times, and in the end, it just causes me to lose money in the opposite direction.
But this time, the stop-loss setup is decent; if it breaks 0.0420, I'll exit. At least I'm not the type to stubbornly hold on.
The key is whether FOGO can really break below 0.0380; otherwise, it's just another trap to lure in buyers and accumulate positions.
FOGO/USDT has been interesting recently. The previous rally was good, but now you can feel the momentum clearly waning, with a gradual pullback from the local high. Selling pressure is gradually entering the market, and market sentiment is shifting.
From a technical perspective, there is indeed an opportunity to short here. We can look for entry points between 0.0395 and 0.0405. If the price can fall below this range, the first target is 0.0380, the second target is 0.0368, and the most aggressive target is set at 0.0355. Place your stop-loss at 0.0420; if it breaks above that, cut your losses.
As long as FOGO remains below the resistance level, downward pressure will persist. Be cautious during small rebounds to avoid getting trapped, especially not to be swayed by market sentiment and buy impulsively. The market can test you at any time—whether a rebound to a key level will be rejected again is something we need to watch closely. Wait for opportunities and avoid chasing highs—this is the core logic of this market trend.