#美国核心物价涨幅不及市场预估 $FOGO has recently shown a trend of volume-driven decline, with a drop of 8.35%. Considering the currently high open interest, this movement is quite interesting—either the main players are quietly offloading, or long positions are experiencing large-scale liquidations.
From a technical perspective, selling pressure clearly dominates, and there has been no sign of substantial buying support. High open interest combined with falling prices easily triggers forced liquidations, further accelerating the decline. If a rebound remains weak in the short term, it often presents a new shorting opportunity.
The current strategy is to short within the 0.0345-0.0350 range, targeting 0.0320 and 0.0300 levels. The stop-loss is set at 0.0365, and this level must be defended. Keep an eye on the market’s subsequent performance; changes in open interest will be an important signal.
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GateUser-d08d63c4
· 2h ago
Is it empty?
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GasFeeCrybaby
· 6h ago
It's that same "high holdings + decline" combination again. I'm tired of hearing about the liquidation chain reaction...
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Hash_Bandit
· 7h ago
honestly this FOGO dump's got liquidation cascade written all over it... seen this movie before during the 2017 bull run. when open interest stays jacked like this and price just keeps grinding lower, it's almost mechanical at that point.
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PhantomMiner
· 7h ago
An 8.35% decline, and the trading volume is still so high? That's a bit risky.
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VitalikFanAccount
· 7h ago
An 8.35% drop looks comfortable, but this position size is really a bit scary.
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Main players are either selling off or getting liquidated. To put it simply, they haven't decided yet haha.
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Short at 0.0345? I'll just watch. Anyway, I'm a believer in the short side.
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It's most ridiculous when there's no buy-in to take the position, like free fall.
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Once the forced liquidation chain reaction is triggered, it's over. This wave indeed has a chance.
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Target price 0.0300? Not bad, but let's see if the rebound can be strong first.
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Changes in open interest are more important than candlestick charts. This view really resonated with me.
#美国核心物价涨幅不及市场预估 $FOGO has recently shown a trend of volume-driven decline, with a drop of 8.35%. Considering the currently high open interest, this movement is quite interesting—either the main players are quietly offloading, or long positions are experiencing large-scale liquidations.
From a technical perspective, selling pressure clearly dominates, and there has been no sign of substantial buying support. High open interest combined with falling prices easily triggers forced liquidations, further accelerating the decline. If a rebound remains weak in the short term, it often presents a new shorting opportunity.
The current strategy is to short within the 0.0345-0.0350 range, targeting 0.0320 and 0.0300 levels. The stop-loss is set at 0.0365, and this level must be defended. Keep an eye on the market’s subsequent performance; changes in open interest will be an important signal.