#数字资产市场动态 $FOGO's recent trend is quite interesting. The daily decline exceeds 21%, and the volume surge indicates a clear selling pressure. Combined with the current high-position holdings, it seems more like the bulls are getting liquidated or the main players are offloading—both scenarios share similar trading logic.

From a technical perspective, the selling pressure is really fierce right now. Looking at the trading volume, it's a solid dump, with little sign of buy orders stepping in. This combination of high volume and price breaking through support typically signals a reinforcement of the short-term downtrend.

If you want to short, here’s the approach—

Look for opportunities in the 0.0275 to 0.0280 range, with a stop-loss set at 0.0295 (if this line is broken, it indicates the downtrend structure has failed and should be exited). On the downside, the first obvious support is at 0.0240, followed by a stronger support around 0.0200.

The key is to monitor changes in open interest. During this volume-driven decline, observe whether open interest continues to decrease (indicating liquidation) or remains high or even increases (indicating distribution). This detail can help you judge the strength of the subsequent move. Currently, the sellers seem to be in control, and shorting with the trend appears to offer the best risk-reward ratio.