The recent correction on $FOGO /USDT is healthy. After the initial dip toward 0.0216, price flushed weak hands and immediately found demand. Instead of continuing lower, it formed a base and started printing higher lows. That kind of reaction tells me the market isn’t ready to roll over — it’s resetting before continuation.
I’m watching the 0.0219–0.0221 zone closely. This area previously acted as intraday resistance during consolidation, and once price broke above it, we saw strong expansion toward 0.0226+. Now price is holding above that breakout level. That flip from resistance into support makes this zone structurally strong. It also aligns with a shallow retracement of the impulse leg from 0.0216 to 0.0227, adding confluence.
They’re building strength above 0.0220. Every small dip is being absorbed, and candles are closing back near highs instead of rejecting sharply. If this level holds, continuation toward fresh highs is very possible.
Trade Setup:
Entry Zone: 0.0220 – 0.0223
Target 1: 0.0236
Target 2: 0.0248
Stop Loss: 0.0215
The entry sits on reclaimed structure and minor retracement support. Target 1 aligns with the next liquidity pocket above recent highs. Target 2 projects the next expansion leg if momentum continues. Stop loss below 0.0215 protects against a breakdown back into the previous accumulation range.
I’m watching how price behaves above 0.0220. As long as buyers defend this flipped support, they’re building strength for another push upward.
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