$FOGO has compressed to the limit. The price and all key moving averages — EMA(7), EMA(25), EMA(99) — have converged at a narrow point around $0.0375, creating a rare picture of complete technical equilibrium. Such confluence rarely lasts long and almost always precedes a significant movement.
On the 15-minute chart, the RSI dropped to 34, indicating short-term oversold conditions and potential readiness for a bounce, while on higher timeframes the indicator is balancing in the neutral zone (47-52). This suggests a lack of clear global momentum but creates conditions for a local spike in either direction. Levels $0.0405 (resistance) and $0.0352 (support) are now becoming clear boundaries, a breakout of which will set the direction.
The logic of the current moment is that of a compressed spring. The market has gathered the maximum number of orders in a minimal price range. Any exit beyond this compression, especially on increased volume, will trigger an avalanche-like movement, as numerous stop orders will be affected. The trader's task is not to guess the direction, but to prepare for the reaction to the breakout.
Long on breakout:
Entry — $0.03800 (after securing above $0.0378)
SL — $0.03690
TP — $0.04000 - $0.04100.
Short on breakout:
Entry — $0.03700 (after securing below $0.0372)
SL — $0.03810
TP — $0.03550 - $0.03500.
When the market freezes, it does not rest — it accumulates strength for a leap. Right now, we are observing such a pause.
What will you pay attention to as the first and most important signal of a true breakout: a sharp increase in volume at the moment the price exits the range or the formation of a large candle that closes outside the compression zone ($0.0370-$0.0380)?