#fogo $FOGO @Fogo Official
URGENT MESSAGE ☢️
FOR HOLDERS
✅ 1. Comes from a strong drop
Your chart shows an initial huge pump (up to ~0.097)
Afterwards… prolonged dump to ~0.0199
This usually happens a lot in new coins: hype → drop → lateralization.
👉 To hold, this is a signal that there is still no solid trend.
✅ 2. It is below the EMA20
EMA20 is at 0.02624
Current price: 0.02359
📉 That means it remains in a bearish structure.
For it to be healthier for holding: ✔ it should recover and stay above 0.026–0.027
⚠️ 3. RSI(14) low (~36)
That indicates weakness still. It is not overbought, but also not strong.
⚠️ 4. Stoch RSI high (83)
That is important:
🔥 It means that the short bounce is already somewhat “loaded”.
👉 A pullback may come before rising further.
📍 Key zones
Strong support:
0.0200 – 0.0215 (recent low)
If it loses that: ➡️ it may drop harder.
Resistances:
0.026 – 0.027 (EMA20)
Then 0.033
URGENT MESSAGE ☢️
FOR HOLDERS
✅ 1. Comes from a strong drop
Your chart shows an initial huge pump (up to ~0.097)
Afterwards… prolonged dump to ~0.0199
This usually happens a lot in new coins: hype → drop → lateralization.
👉 To hold, this is a signal that there is still no solid trend.
✅ 2. It is below the EMA20
EMA20 is at 0.02624
Current price: 0.02359
📉 That means it remains in a bearish structure.
For it to be healthier for holding: ✔ it should recover and stay above 0.026–0.027
⚠️ 3. RSI(14) low (~36)
That indicates weakness still. It is not overbought, but also not strong.
⚠️ 4. Stoch RSI high (83)
That is important:
🔥 It means that the short bounce is already somewhat “loaded”.
👉 A pullback may come before rising further.
📍 Key zones
Strong support:
0.0200 – 0.0215 (recent low)
If it loses that: ➡️ it may drop harder.
Resistances:
0.026 – 0.027 (EMA20)
Then 0.033