📊 $FOGO 1hr Chart Update – Keep a Close Eye on This Coin
Keep a sharp eye on this coin. It is currently standing at a FVG / zone from where it has been rejected multiple times in the past. This time as well, price has only formed a wick above the level, with no solid closing yet.
🔼 Upside Scenario:
If the coin manages to break this FVG and give a strong candle close above it (wick is not enough), then we can expect a bullish pump towards the upside targets :
0.064
0.066
0.071
🔽 Downside Scenario:
On the other hand, if price fails to give a closing above this FVG and once again forms only a wick, then just like previous rejections, we can expect another dump. The downside targets in that case will be:
0.054
0.052
0.050
⚠️ Note:
Only a proper candle close will confirm the breakout. Trade with confirmation and manage risk properly.
