#数字资产市场动态 $FOGO The recent market trend is worth paying attention to—there was an 8.10% decline on high volume, but the open interest remains at a high level of 365 million, which is an interesting signal. Usually, when this phenomenon occurs, a long squeeze and liquidation would naturally lead to buying interest, but now it’s different—selling pressure is piling up from above, and there are clear signs of active dumping, with weak follow-through from buyers. Small-scale rebounds may seem strong, but in reality, they appear weak and powerless.

From a technical perspective, this price level has already released the short-term momentum of the bears and is currently in a brief resting phase. The possibility of a further breakdown and decline is quite high.

📊 Trading strategy reference:
Direction: Short
Entry range: 0.0345 - 0.0350
Stop-loss level: 0.0365 (hard stop-loss)
Target 1: 0.0320
Target 2: 0.0300

$FOGO This wave of movement is a typical pattern of price suppression followed by distribution. Once the support below is broken, the subsequent downward space will open up quickly. Those interested can continue to monitor the trend of this coin.