#fogo $FOGO

On the 4H chart of FOGO/USDT, price recently completed a short-term bullish structure with higher highs and higher lows, pushing toward the 0.0235–0.0240 resistance zone before facing strong rejection. The latest candles show a sharp bearish impulse breaking below minor support around 0.0225 and currently trading near 0.0218, indicating momentum shift in favor of sellers. This move suggests a potential lower high formation and possible trend reversal if price sustains below 0.0215. Immediate support lies around 0.0208–0.0205; a breakdown below that could open downside toward 0.0200 psychological level. For a safer entry, aggressive traders may look for a short position on a weak pullback toward 0.0222–0.0225 with tight stop-loss above 0.0232, targeting 0.0210 and 0.0202. Conservative traders should wait for either a confirmed breakdown and retest of 0.0208 as resistance (short bias) or a strong bullish engulfing reclaim above 0.0228 to re-enter long. Volume confirmation is crucial. Currently, momentum favors short-term bearish continuation, so risk management is essential.So avoid entry at the moment and wait.

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