The FOGO/USDT pair is currently exhibiting a textbook bullish reversal pattern on the 1-hour timeframe. After a period of consolidation, we have successfully flipped the SuperTrend indicator to green, signaling that the bulls have regained control. The price is currently trading around $0.02499, having established a very strong floor at the $0.02339 support level.
What makes this setup particularly interesting is the Volume (VOL) profile; we are seeing a steady increase in buying pressure as price approaches the local resistance. If we can decisively break and hold above the recent swing high of $0.02529, it clears the path for a rapid move toward the psychological $0.030 zone. The Moving Averages (MA5/MA10) are also beginning to curl upward, providing additional momentum support for this leg up.
📊 Trade Parameters:
Entry Range: $0.02450 – $0.02510 (Buying on the current strength)
Take Profit 1: $0.02750 (Conservative exit near previous liquidity)
Take Profit 2: $0.03100 (Major resistance target)
Stop Loss: $0.02310 (Protecting capital below the recent structural low)
FOGO is a high-speed Infrastructure play, and with the 7-day performance showing a solid +17.27%, the trend is clearly your friend here. Always manage your risk and keep an eye on BTC's overall market direction before entering.