$FOGO Market Structure Update 📊🔥
$FOGO recently delivered a strong move, rallying from 0.035 → 0.097, followed by a healthy pullback. Price is now consolidating around 0.0526, indicating the market is deciding its next direction.
🔑 Key Levels to Watch:
Support: 0.050
Resistance Zone: 0.060 – 0.063
📈 Bullish Scenario:
Holding above 0.050 keeps the structure intact
A clean reclaim and hold above 0.063 can confirm bullish continuation and open the door for further upside 🚀
📉 Bearish Scenario:
Losing 0.050 weakens momentum
Next downside supports come in at 0.045, followed by 0.035
🧠 Market Insight: This consolidation after a sharp spike suggests accumulation or distribution. Volume and reaction at 0.050 support will be critical for the next major move.
⚠️ Reminder: Trade with proper risk management. Levels matter more than emotions.
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