$FOGO – Market Analysis
Market Overview
$FOGO is trading around 0.04080 after a sharp sell-off. The aggressive drop signals strong distribution and panic selling. While bounce attempts are possible, risk remains elevated until price stabilizes.
Key Support Levels
Primary Support: 0.0380 – 0.0365
This is the last visible demand zone before further weakness.
Secondary Support: 0.0320 – 0.0300
Breakdown below this level could extend losses.
Key Resistance Levels
Immediate Resistance: 0.0450 – 0.0470
Any bounce may face heavy selling pressure here.
Major Resistance: 0.0520 – 0.0550
A reclaim of this zone is required to shift sentiment bullish.
Trader Targets
Bullish Bounce Targets: 0.0470 → 0.0520
Bearish Continuation Targets: 0.0365 → 0.0320
Pro Tips
Avoid catching falling knives without confirmation.
Trade smaller size during extreme volatility.
Wait for base formation before considering swing entries.
If you want, I can also format these as short Telegram or X posts, or provide a combined market sentiment summary.
