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$FOGO (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.02040 - 0.02058
Targets:
TP1: 0.02005
TP2: 0.01975
TP3: 0.01938
Stop Loss: 0.02092
Why this Setup:
I’m looking for price to fade after the recent push into resistance, since the move has already stalled near the top of the range. I want a rejection from this area to confirm the short, with room to rotate back toward the prior support levels below.
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