$FOGO is attempting a structural transition on the 4H timeframe after printing a Higher Low near 0.01996.
Price is currently holding above the EMA20 and VWAP, with RSI around 56 and MACD in positive territory, suggesting short-term momentum recovery. However, the EMA200 remains overhead, meaning macro pressure has not fully cleared.
Key Levels:
. Support: 0.02200
. Major Support: 0.02000
. Resistance: 0.02400
. Next Expansion Zone: 0.02550–0.02600
ADX near 29 indicates trend strength is building, but with the broader market fear index at 12, liquidity sweeps remain a realistic scenario.
This is not a confirmed breakout yet.
It is a transition zone.
Will buyers defend 0.02200 and build continuation, or does the market sweep liquidity before expansion?
Monitoring structure, not chasing momentum.
@Fogo Official $FOGO #fogo