FOGO/USDT Analysis
Entry: 0.02740 – 0.02765
Stop Loss: 0.02600 (below EMA 20)
Targets: 0.02850 / 0.02950 / 0.03050
Reason:
Price currently at 0.02765, trading above EMA 20 (0.02664) but below EMA 200 (0.02890) — mixed signals but short-term bullish 📊
24h range: 0.02321 low to 0.02922 high — showing strong volatility ⚡
Recent high of 0.02922 rejected, currently in healthy pullback 🔄
Volume is massive (686M FOGO) — confirms strong accumulation and interest 💰
Order book shows strong bids building at 0.02760–0.02770 zone 🛡️
Note:
Break above 0.02800 could trigger move toward 0.02850–0.02950 🎯
If price holds 0.02740, expect bounce back toward resistance levels
Stop loss placed below EMA 20 (0.02664) for technical safety ✅
EMA 200 at 0.02890 is major resistance — breakout above confirms strength
This is a pullback entry within uptrend — ideal for swing traders 🔥
⚠️ Risk 3–4% of capital
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