FOGO just printed a +31% daily candle.
Breakout… or expansion before pullback?
📊 Current structure (1D):
• Bounce from 0.0199 bottom
• Higher lows forming
• MA(7) crossing above MA(25)
• Strong volume expansion
• Resistance around 0.028–0.030 now broken
That’s not random volatility. That’s momentum with participation.
If daily closes hold above 0.028, structure shifts from recovery → early trend continuation.
Next areas to watch: 0.035–0.038 (short-term reaction zone)
0.049 (major previous high)
After a 30%+ candle, psychology matters:
🔸️Late buyers chase.
🔸️Smart money waits for confirmation.
🔸️Momentum traders watch continuation above daily high.
The real question isn’t “Is it pumping?”
It’s: Can structure hold above breakout level?
Because that’s where trends begin.