$FOGO — Classic Launch Volatility, Not a Death Signal
$FOGO dumped ~50% in the first minute after launch — this is very normal for fresh listings.
What happened in simple words 👇
• Early buyers + airdrops smashed market orders
• Liquidity was thin → candles stretched fast
• Stops got wiped → panic selling kicked in
• Smart money waited, then started absorbing
Now look at the structure:
Price bounced hard from ~0.035 and is holding around 0.053–0.055. That tells us sellers are cooling off and buyers are defending a base.
Market read:
This isn’t weakness — it’s price discovery. Launch dumps often shake out weak hands before the real move.
Simple trade idea (low stress):
• Support: 0.050–0.052
• Bullish if: holds above 0.050 and forms higher low
• First upside zone: 0.060–0.065
• Invalidation: clean break below 0.048
High volume + base forming = something is loading.
No FOMO… just patience. 👀
$FOGO #Crypto #NewListing #PriceAction
