2026-01-17 17:21:53

FOGO's recent performance has been quite interesting. First, the big players pushed the price up around 0.058 to distribute, then they steadily pushed it down. The rebound strength is clearly insufficient, and it couldn't even hold the 0.0375 level, indicating that the bears are in control. The support level below should be closely watched at 0.035.

If you want to participate in trading, there are two strategies. One is to wait for a rebound to the 0.0373-0.0375 range and take a small short position, with a stop loss set at 0.0378. The other, more conservative approach is to wait until the price drops near 0.035 and then observe whether a rebound opportunity appears. In terms of rhythm, whether this wave of decline can find support at these key levels will be the watershed for the subsequent trend.

FOGO-3,76%

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fren_with_benefits

· 01-20 11:25

FOGO this wave has really been hammered quite badly. If it can't hold at 0.035, it might continue to test lower levels. I think waiting for a rebound to short might be too passive. It's better to directly set a trap at 0.035 to see if we can catch the bottom. Once this level is broken, it seems there won't be much support. Who will come to rescue then?

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NFT_Therapy_Group

· 01-17 17:52

0.035 is only worth watching if this line breaks; any support levels discussed now are nonsense.

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alpha_leaker

· 01-17 17:51

0.035 can it really hold, feels like the big players are setting up again

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SybilSlayer

· 01-17 17:50

0.035, can this line really hold? It feels like the big players' move this time is a bit aggressive.

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GasWastingMaximalist

· 01-17 17:46

Typical market manipulation by the big players, pushing prices up just to distribute. Now the bears are very strong. If 0.035 doesn't break, there's still hope; if it breaks, it's time to cut losses and run. --- The rebound can't even hold, this coin seems a bit weak. I'll wait until it drops to 0.035 before making a move. --- Doing short positions with small capital sounds good, but I’ve never trusted such precise stop-loss setups. The market is too unpredictable. --- The watershed is just a watershed. Anyway, I’m currently in a wait-and-see attitude, waiting for clearer signals before taking action. --- Can that line at 0.035 really hold? It feels like it needs to drop even further. --- This trading approach is still too complicated. I prefer simple and straightforward—either go all-in or do nothing. --- The distribution is so aggressive, there might be more decline afterward. It feels like the bottom hasn't been reached yet.

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TokenomicsDetective

· 01-17 17:32

The market maker pulled a wave and then ran, a typical case of left hand in, right hand out. If we can't hold at 0.035, we need to look further down. This wave is really a bit tragic.

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