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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.