$FOGO saw an explosive impulse move from the $0.035 base to $0.097, followed by a sharp pullback and stabilization. Price is now consolidating around the $0.052–$0.054 zone, suggesting the market is digesting the move rather than fully unwinding it. This behavior typically reflects profit-taking followed by early re-accumulation.
Trade Setup (Long)
Entry Zone: $0.051 – $0.054
Targets:
TP1: $0.060
TP2: $0.072
TP3: $0.088
Stop Loss: $0.044
Holding above the $0.050 area keeps the structure constructive, with room for a continuation leg if momentum rebuilds. Best entries are during tight consolidation, not on sudden expansion candles.
FOGO
0.02132
-3.35%
#MarketRebound #BTC100kNext? #StrategyBTCPurchase #BTCVSGOLD #WriteToEarnUpgrade