$FOGO USDT Perp Market Overview
FOGO is trading at 0.02513 after a sharp expansion leg that drove price into the 0.02686 intraday high. The impulse breakout showed strong buyer aggression, clearing mid-range resistance before facing rejection at the top liquidity band. The pullback that followed was controlled, not impulsive — signaling profit-taking rather than structural weakness.
Price has now stabilized above the 0.02470 support zone, printing tight consolidation candles as the market absorbs sell pressure. This compression just below resistance often builds momentum for the next volatility cycle. Volume spiked during the breakout and has since cooled, a typical continuation setup behavior.
As long as FOGO holds above 0.02450, bullish continuation probability remains active.
Trade Plan
EP: 0.02490 – 0.02530
TP: 0.02680 – 0.02820
SL: 0.02400
Momentum Trigger: Break and hourly close above 0.02690 opens upside expansion toward the 0.02800 liquidity pocket.
Risk Factor: Loss of 0.02450 support weakens bullish structure and exposes price to 0.02330 demand.
Professional Outlook: Post-impulse consolidation signals strength building beneath resistance. If buyers reclaim the recent high with volume support, continuation toward fresh range highs becomes the dominant scenario.
