$FOGO just had a heavy flush and is now starting to base. Price dropped from 0.048, tagged 0.03864, and is holding around 0.0399. This is the kind of spot where a dead bounce can turn into a real reversal if buyers defend the low.

Market Read:

$$FOGO s in a clear intraday downtrend, but the selling impulse slowed after the 0.03864 wick. Price has been moving sideways with smaller candles, showing sellers losing strength. The key level is 0.03864 — if it holds, the base can build a bounce; if it breaks, the down move can continue quickly.

Entry Point:

EP 0.03940 – 0.04020

Only long while price stays above the 0.03864 support.

Targets:

🎯 TP1: 0.04180

🎯 TP2: 0.04480

🎯 TP3: 0.04880

TP1 is the first recovery step and local resistance. TP2 is the prior breakdown area. TP3 is the bigger rebound near the earlier swing zone.

Stop Loss:

SL 0.03840 — below the 0.03864 low invalidates the setup.

Why This Works:

Higher lows above 0.03864 show buyers taking control. A push above 0.04037 can trigger continuation to 0.0418, and reclaiming 0.0448 can extend the rebound toward 0.0488. The flush cleared weak hands, making this base a prime setup for a sharp recovery.

Click this to trade $FOGO

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