FOGO/USDT Technical Outlook (Intraday)
FOGO is currently trading near a well-defined intraday demand zone following a sharp downside move. Selling pressure has begun to decelerate, while early buying interest is gradually emerging. This type of price behavior typically signals absorption of supply and often precedes a short-term relief move.
The recent decline appears to have flushed out weak hands, and price is now stabilizing rather than accelerating lower. This environment favors strategic accumulation rather than reactive market entries. From a market structure perspective, this is a buy-on-dips setup, not a momentum chase.
Key Levels Entry (Demand Zone): 0.0800 – 0.0820
This area shows liquidity buildup and price acceptance, making it a favorable zone for controlled long exposure.
Resistance / Upside Targets:
0.0880 – First reaction zone
0.0950 – Major intraday resistance
0.1050 – Extension target if momentum accelerates
Invalidation / Risk Level:
Below 0.0765
A structural breakdown below this level invalidates the bullish bias and negates the setup.
Trade Thesis
As long as price maintains structure above 0.0765, dips into the 0.0800–0.0820 zone remain favorable for accumulation. A sustained bid from this base increases the probability of a rebound toward 0.0880–0.0950, with potential continuation to 0.1050 if follow-through volume enters the market.
Risk management is critical—position sizing should remain disciplined, and emotional trading should be avoided. This is a patience-based, high-conviction setup, built on clean levels and controlled downside.
Approach:
* Buy on retracements into demand
* Avoid chasing price strength
* Respect invalidation if structure fails
Consistency is achieved through clarity of levels, defined risk, and disciplined execution.
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