📊 Altcoin $FOGO — liquidity hold & potential continuation setup
📈Market context
Despite today’s broader market pullback across major cryptocurrencies, FOGO is holding firmly inside a key liquidity zone, showing relative strength versus the market.
📈 Technical analysis
Price is consolidating above the high-volume demand area (≈ 0.0325–0.0340), which previously acted as a strong base.
The structure remains range-bound with higher lows, suggesting accumulation rather than distribution.
Short- and mid-term EMAs are flattening and compressing, indicating a volatility squeeze and preparation for expansion.
No aggressive sell-off on volume during the market dip → selling pressure remains limited.
💡 Trading idea (range / continuation)
🎯 Long entry zone: 0.0330 – 0.0342 (liquidity support)
🎯 Targets:
• 0.0365
• 0.0390
• 0.0420 (range high / prior rejection)
⛔️ Invalidation / Stop-loss: below 0.0318
📌 Confirmation:
Acceptance above 0.0350 with rising volume, or
Clear bullish reaction from the liquidity zone with strong follow-through.
⚠️ If liquidity fails and price loses 0.032, expect a deeper range rotation. Until then, bias remains cautiously bullish while support holds.