$FOGO is entering a critical decision zone. After the recent volatility expansion, price is now testing a key resistance area where previous sellers stepped in. Volume has increased significantly, which tells us participation is real â but the question is whether this is accumulation or distribution.
If $FOGO holds above the recent breakout level and forms higher lows on lower timeframes, continuation toward the next liquidity pocket becomes likely. However, failure to hold support could trigger a fast retracement since small caps move aggressively in both directions.
For traders: watch structure, not emotions. Wait for confirmation. Manage position size carefully. High volatility = high opportunity, but also high risk.