$FOGO
FOGOUSDT – 1H Technical Analysis
Current price: 0.02456
24H High: 0.02498
24H Low: 0.02333
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📊 Market Structure
• Price is holding above EMA50 & EMA100 → short-term bullish bias.
• Higher lows formed after the 0.02160 bottom.
• Rejected from 0.02507 resistance and now consolidating under 0.02500.
• Structure = bullish continuation attempt inside range 0.02370 – 0.02520
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📈 Indicators
• EMA(50) > EMA(100) → Trend still positive.
• MACD flat near zero → momentum cooling but not bearish.
• RSI ~56 → Neutral-bullish, room for another push up.
• Volume decreasing → breakout needs expansion.
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🔥 Trade Setup
🟢 Long Setup (Primary Bias – Trend Following)
Entry (ET): 0.02420 – 0.02435 (pullback zone near EMA50)
Stop Loss (SL): 0.02360
Take Profit 1: 0.02505
Take Profit 2: 0.02550
Take Profit 3: 0.02620
👉 R:R approx 1:2 – 1:3
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🔴 Short Setup (If Breakdown Happens)
If price loses 0.02370 support with strong volume:
Entry: Below 0.02365
SL: 0.02430
TP1: 0.02295
TP2: 0.02220
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📌 Key Levels
• Resistance: 0.02505 – 0.02550
• Support: 0.02370
• Major support: 0.02295
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⚡ Summary
FOGO is still in a short-term uptrend. As long as price holds above 0.02370, dips are buy opportunities. A clean breakout above 0.02510 with volume could trigger continuation toward 0.026+.