$FOGO : DEEP IN THE RED AFTER BINANCE DEBUT.
Down 22% today, the new infrastructure token $FOGO is taking a heavy post-listing hit. Sitting near its 24h low of $0.026, this is a critical juncture.
MARKET OVERVIEW: SELL-THE-NEWS PRESSURE
High volume confirms a battleground, but sellers dominate. This is a classic correction after a hyped launch. Watch for a base to form or a breakdown.
KEY LEVELS:
· SUPPORT: $0.02600 – Absolute must-hold. A break here signals more pain.
· RESISTANCE: $0.03000** (Psych Level) → **$0.03536 (24h High/Recovery Target).
PRO TIPS:
1. Don't Catch the Knife: Wait for a confirmed bounce and base formation above $0.026.
2. Watch Volume: A reversal needs a strong green candle on HIGH buying volume.
3. High Risk: New listings are volatile. Size accordingly.
$FOGO is under pressure. Let the market find its floor first.
