$FOGO 💲📊
/USDT has completed a healthy corrective phase and is now showing early signs of trend stabilization after defending a key demand zone. Price action has formed a strong base with long lower wicks, indicating seller exhaustion and gradual buyer absorption. The short-term moving average is attempting to curl upward, signaling a potential bullish shift in momentum.
A successful hold above the recent support zone keeps the bullish structure intact, while a breakout above near-term resistance could trigger continuation toward higher levels. Volume contraction during the consolidation phase further supports the likelihood of an impulsive move once resistance is cleared.
BULLISH BIAS CONFIRMED ABOVE SUPPORT
Targets (TP):
TP1: 0.0385
TP2: 0.0415
TP3: 0.0450
Stop Loss (SL):
0.0330 (below key support)
Risk Management:
Risk only 1–2% of total capital per trade and trail stop loss after TP1 is achieved to protect profits.
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