"Market Moves & My Thoughts"
$FOGO just faced a clean rejection from the 0.0283 resistance zone, and sellers stepped in aggressively. Price attempted to push higher but failed to sustain above that marked supply area. Now we’re seeing lower highs forming on the 4H timeframe, which clearly shows bearish pressure building up.
RSI is hovering around 41, showing weak momentum and no strong bullish strength at the moment. If price fails to hold the 0.0230–0.0225 zone, we can expect a deeper move toward 0.0213 and possibly the 0.0200 psychological level. Bulls need a strong breakout above 0.0283 to flip the structure — otherwise, sellers stay in control.
Stay sharp, manage risk, and trade with the trend. 🔻