$FOGO has initiated a decisive breakout from a protracted consolidation base following a successful retest of the 0.02000 psychological support level. The price action on the 4H timeframe confirms a shift in market structure as the token clears local resistance with high relative volume.
Trade Plan
Entry Range: 0.02280 - 0.02325
Stop Loss: 0.02140
Take Profit 1: 0.02550
Take Profit 2: 0.02850
Take Profit 3: 0.03170
Why This Setup
Market Structure Shift: FOGO has printed a significant Higher Low followed by a Break of Structure (BOS) above the previous 4H swing high.
Volume Confirmation: The current bullish candle is supported by a 24-hour volume of 231.47M FOGO, indicating strong institutional or whale participation at these levels.
Indicator Alignment: The price is currently challenging the SuperTrend resistance line at 0.02330 while the Stochastic RSI shows powerful upward momentum from the oversold region.
Support Validation: The 0.02000 zone has transitioned from a breakdown point to a firm accumulation floor, providing a high risk-to-reward ratio for long positions.
Will FOGO maintain this linear ascent to the 0.02850 range high, or should we expect a liquidity sweep of the 0.02200 level before the next leg up?
Buy and Trade $FOGO
#CZAMAonBinanceSquare #USNFPBlowout #TrumpCanadaTariffsOverturned #USRetailSalesMissForecast #GoldSilverRally