FOGO is on the cusp of a major breakout, with the current price hovering around 0.01539, and I'm watching closely as it tests the upper bounds of the OB+FVG Sandwich zone. This level has been a significant point of contention in the past, with bulls and bears clashes resulting in a series of sweeps that have ultimately led to a buildup of buying pressure.
From a technical standpoint, the higher timeframe (HTF) is bullish, with the RSI sitting at 42, indicating that there's still plenty of room for upside. Volume is also relatively low at 0.4x, which suggests that we may see a surge in buying activity as the price breaks out of its current range. The SMC Score of 5.8/10 also supports the notion that $FOGOUSDT is due for a move higher.
Here are the key trade levels to watch:
* Entry: 0.01525
* TP1: 0.01567 (RR 3.0x)
* TP2: 0.01630 (RR 7.5x)
* SL: 0.01511
With the HTF strength and bullish momentum building, I'm confident that FOGO will push higher in the near term. Long entries at 0.01525, with stops at 0.01511, offer a compelling risk/reward opportunity.
Followers, keep a close eye on this one - the next move could be significant.
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