FOGO recently demonstrated a textbook-level "balloon burst" pattern. The price initially surged to a high of $0.10773, then was instantly hammered down by sell-offs. The entire movement resembled a free fall—plummeting straight down to $0.07335. Even when rebounding to $0.08091, the intraday decline still stood out at 10.10%.

Looking at the trading data reveals more insights. The 24-hour trading volume exceeded 11.37 million USDT, with a total volume of 141 million. During the decline, trading volume exploded—indicating what? Capital was frantically fleeing at high levels, and the previous peak has become a clear reversal threshold.

**If you want to get a piece of this move, these levels are worth paying attention to:**

Don’t enter blindly. If you really want to speculate on a short-term rebound, wait until the price bounces back to the $0.08500-$0.09000 range before considering a small position. But the prerequisite is that the price must stabilize above the recent key resistance level; otherwise, rushing in is like "catching a flying knife in a downtrend."

For short positions, the first target is $0.08000, and the second target is $0.07500. If the downtrend continues, a dip to $0.07000 is also possible. Set your stop-loss at $0.09000; once this level is broken, the short-term downtrend is likely to ease.

**My judgment is this:** This cliff-like crash of FOGO is a typical short-term capital pump and dump. The current market lacks bullish capacity, and the selling pressure from bears is still ongoing. As long as the $0.09000 support holds, there’s no need to change the bearish outlook.

Friends looking to go long, forget it—bottom-fishing at this stage is too risky. Those shorting should also avoid blindly chasing; wait until the price rebounds to resistance levels before entering a position to feel more secure.