๐ฅ $FOGO is Bullish but Approaching Key Resistance
๐ The price gained 19.43% in 24h, breaking multiple resistance levels.
๐ It is now testing Resistance 0.04092 after reaching a 24h high of 0.04090.
โ ๏ธ The proximity to the psychological 0.041 level creates a natural barrier.
๐ก๏ธ Support is strong at 0.0374, aligning with MA20, providing a solid base.
๐ Short timeframes show contract inflows (2H: +563k, 30m: +202k), indicating renewed leverage interest at current levels.
๐น Long Entry $FOGO
โข Aggressive: 0.0405โ0.0407 with a tight stop
โข Conservative: Wait for pullback to 0.0385โ0.0390 (near MA5/MA10 confluence)
๐ Stop Loss: 0.0391 if entering at 0.0405 (below key support and MA20)
๐ฏ Target Price $FOGO
โข Primary: 0.0426
โข Secondary: 0.0444 (resistance)
โ ๏ธ If price fails to break 0.0409 convincingly within 2โ3 candles, reconsider the long bias.
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