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📈 $FOGO BOTTOM CONFIRMED? 239% VOLUME SPIKE + MACD GOLDEN CROSS!💎
After a wild ride from its January high of $0.0625, $FOGO is finally showing signs of life. As a high-performance SVM Layer 1, the market is watching to see if the "Solana Killer" narrative can hold.
📊 The Technical Breakdown:
Key Support: We’ve seen a strong floor form around the $0.021 – $0.023 zone. Every time price dips here, volume spikes (up 239% recently!), suggesting heavy accumulation by whales.
Resistance Levels: The immediate hurdle is $0.027. If we get a daily candle close above this, the next major targets are $0.033 and $0.040.
Indicators: * MACD: Just printed a "Golden Cross" on the 4-hour chart—a classic bullish signal.
RSI: Currently neutral (~45-50), meaning there is plenty of room to run before becoming "overbought."
💡 My Trading Strategy:
Entry Zone: $0.022 - $0.024 (DCA in during minor dips).
Take Profit 1: $0.028 (Local resistance).
Take Profit 2: $0.035 (25% gain target).
Stop Loss: $0.020 (Below the all-time low to stay safe).
Pro Tip: Don't forget that $FOGO is currently in the Binance Spring Earn Fiesta! You can stake your tokens for up to 29.9% APR while waiting for the price to pump.
"Not financial advice. Please do your own research (DYOR)"
#Fogo #BinanceSquare #SVM
{future}(FOGOUSDT)
After a wild ride from its January high of $0.0625, $FOGO is finally showing signs of life. As a high-performance SVM Layer 1, the market is watching to see if the "Solana Killer" narrative can hold.
📊 The Technical Breakdown:
Key Support: We’ve seen a strong floor form around the $0.021 – $0.023 zone. Every time price dips here, volume spikes (up 239% recently!), suggesting heavy accumulation by whales.
Resistance Levels: The immediate hurdle is $0.027. If we get a daily candle close above this, the next major targets are $0.033 and $0.040.
Indicators: * MACD: Just printed a "Golden Cross" on the 4-hour chart—a classic bullish signal.
RSI: Currently neutral (~45-50), meaning there is plenty of room to run before becoming "overbought."
💡 My Trading Strategy:
Entry Zone: $0.022 - $0.024 (DCA in during minor dips).
Take Profit 1: $0.028 (Local resistance).
Take Profit 2: $0.035 (25% gain target).
Stop Loss: $0.020 (Below the all-time low to stay safe).
Pro Tip: Don't forget that $FOGO is currently in the Binance Spring Earn Fiesta! You can stake your tokens for up to 29.9% APR while waiting for the price to pump.
"Not financial advice. Please do your own research (DYOR)"
#Fogo #BinanceSquare #SVM
{future}(FOGOUSDT)
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