🚀 Trade Setup: $FOGO (Long)
Market Sentiment: $FOGO is currently holding a key support level after its recent pullback. Sellers are losing steam, and the tape suggests a "floor" has been established. This clean demand zone is seeing quick absorption on every dip, with momentum beginning to stabilize on the lower timeframes (LTF).
Technical Thesis:
As long as this base holds, the bias remains firmly to the upside. There is no evidence of price acceptance below this range, setting the stage for a strong continuation toward previous highs.
📊 The Trade Plan
Entry Zone: $0.0455 – 0.0470
Stop Loss (SL): $0.0435
Take Profit 1 (TP1): $0.051
Take Profit 2 (TP2): $0.058
