$FOGO I’m interested here because the dump to 0.04650 looks like a clear liquidity sweep, and now price is reclaiming levels with a slow grind up instead of instant rejection.

Market read

On the 15m chart, price sold off from the 0.05500 area and kept bleeding until it tagged 0.04650. That low is important because the bounce from it was sharp, which usually means sellers got exhausted and stops got cleared. After the bounce, price started ranging and printing small higher lows, and now it’s back near 0.04888. This is still a recovery phase, not a full reversal yet. Bulls need to keep defending the 0.04750 area and then reclaim the 0.05000 zone to open the next leg. If price loses the base, it can revisit 0.04650 quickly.

Entry point

EP1 0.04770 to 0.04820 (dip entry into the base, safest)

EP2 0.04920 to 0.04980 (only if we break above and hold, momentum entry)

Target point

TP1 0.04982

TP2 0.05169

TP3 0.05356

Stop loss

SL 0.04620 (below the 0.04650 sweep, if this breaks the idea is invalid)

How it’s possible

The move into 0.04650 likely cleaned out weak longs, then demand stepped in and forced a rebound. Now the market is compressing, and that usually builds fuel. If buyers keep holding 0.04770 to 0.04820, the next push often targets the nearest resistance at 0.04982 first. A clean reclaim there can trigger continuation into 0.05169, and if momentum stays strong, 0.05356 becomes the stretch target.

Let’s go and Trade now $FOGO