$FOGO
FOGOUSDT – 4H Technical Analysis
Current Price: 0.02350
Structure: Short-term recovery inside a broader downtrend
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1️⃣ Trend Overview
• Price is still trading below EMA100 (0.02574) → macro bias remains bearish.
• EMA50 (0.02322) is slightly below current price → short-term momentum attempting to turn bullish.
• Overall structure: After bottoming at 0.01992, price is forming a mild ascending consolidation.
➡️ Conclusion: This is a relief bounce inside a larger downtrend, not a confirmed trend reversal yet.
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2️⃣ Volume & Momentum
• Volume remains relatively moderate — no strong breakout participation.
• MACD is slightly positive but flat → weak bullish momentum.
• RSI (6/12/24) hovering around 50–54 → neutral zone.
➡️ Momentum is improving, but not strong enough for aggressive long entries.
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3️⃣ Key Levels
Support Zones:
• 0.02280 – 0.02300 (EMA50 + short-term structure)
• 0.02180
• 0.01990 (major 4H bottom)
Resistance Zones:
• 0.02480 – 0.02520 (local supply)
• 0.02710 (EMA100 area)
• 0.03100 (macro resistance)
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4️⃣ Trade Scenarios
🟢 Bullish Scenario (Breakout Play)
• Entry: Break and close above 0.02520
• TP1: 0.02710
• TP2: 0.02950
• SL: Below 0.02380
Confirmation needed: Strong volume expansion.
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🔴 Bearish Scenario (Rejection Play)
• Entry: Rejection near 0.02500 zone
• TP1: 0.02280
• TP2: 0.02180
• TP3: 0.02000
• SL: Above 0.02580
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5️⃣ Strategic View
FOGO is currently in accumulation phase after a strong sell-off, but the higher timeframe trend is still bearish.
⚠️ Until price reclaims EMA100, this remains a counter-trend bounce.