$FOGO /USDC BULLISH MOMENTUM WITH CONSOLIDATION ABOVE SUPPORT
FOGO has delivered a strong momentum surge followed by a controlled pullback that is holding above a newly established support zone. The structure shows higher lows forming after the expansion leg, indicating buyers are defending territory rather than exiting positions.
Parabolic SAR remains positioned to support trend continuation, while short-term moving averages are stabilizing beneath price, signaling bullish structure maintenance. Volume behavior reflects healthy consolidation, with reduced sell pressure during dips compared to the prior expansion phase.
Volatility contraction after the rally suggests energy building for the next directional move. A sustained hold above support increases the probability of another bullish leg toward higher resistance zones.
LONG SETUP
Entry Zone: Pullback into short-term support and consolidation base
Stop Loss: Below the higher low and bullish structure invalidation
Targets:
TP1 – Retest of recent swing high
TP2 – Breakout continuation into next resistance zone
TP3 – Measured move projection from prior impulse range
Continuation remains favored while structure holds and upward moves are supported by volume expansion. Loss of support would shift the market into a broader consolidation range.
RISK MANAGEMENT
Risk 1–2% per trade. Take partial profits at TP1 and trail stop to protect gains. Avoid chasing extended candles and prioritize structured pullback entries.
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