🚀 TRADE SIGNAL: $FOGO / USDT (Long)
$FOGO is showing strength after a consolidation phase, with a clean breakout on the 1H timeframe. Price is holding above key moving averages, and rising volume confirms strong buyer participation.
📊 Technical Overview
Market Structure: Bullish Breakout
Timeframes: 1H / 4H
Pattern: Local Resistance Break with Volume Expansion
⚡ Entry & Targets
Entry Zone: $0.02680 – $0.02720
TP1: $0.02850
TP2: $0.03080
TP3: $0.03350
🛡️ Risk Management
Stop Loss: $0.02550
Risk/Reward: Approx. 1:2.5
Suggested Leverage: 3x – 5x (Isolated)
🔎 Analyst Note
$FOGO , a high-performance Layer 1 (SVM-based), recently launched its mainnet. With Seed Tag volatility in play, position sizing is critical. Momentum is supported by strong narrative drivers and increased community engagement, but volatility remains elevated.
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