#fogo $FOGO

FOGO — Early Momentum or Just Hype?

Been keeping an eye on FOGO and the chart is starting to show some interesting behavior.

📊 Market Structure:

Consolidation after initial volatility

Buyers defending key support zones

Volume spikes during upward moves (sign of active interest)

Momentum still building, not fully exhausted

💡 Trading Approach:

Not chasing green candles.

Better strategy:

Accumulate near strong support

Wait for confirmation breakout with volume

Avoid emotional entries during sudden pumps

Low-cap tokens like FOGO can move aggressively — both upside and downside.

⚠️ Risk Management:

High volatility = high risk.

Always use proper position sizing and avoid over-leverage.

Smart traders follow structure, not hype.

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