FOGO is currently trading around 0.42. Price is holding above the short term support at 0.38 which is a strong demand zone. Immediate resistance is near 0.48 and if price breaks and closes above this level, we can expect a quick move toward 0.55. Market structure looks slightly bullish as buyers are defending dips. As long as price stays above 0.38, momentum can continue upward. Stoploss should be placed below 0.35 to manage risk safely. Next move expected is a slow push toward 0.48 and then breakout attempt if volume increases.
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