I am closely monitoring $FOGO
FOGO
0.02399
+0.12%
at this moment.
Price has already made a strong and explosive move, and is currently building upward momentum slowly, which typically happens before rejection at a key resistance level.
The area from 0.60 to 0.63 is a key area to watch. If price reaches this zone and shows a clear rejection or weakness, I will look to open a short position.
In case of rejection, a drop towards the 0.45 area is highly likely, as it is the next strong demand zone below.
No blind entries.
Waiting for confirmation is key here.