🚀 FOGO/USDT Technical Outlook (15m Chart)
$FOGO is showing some interesting movements on the short-term timeframe! After a sharp rally to a high of 0.02697, we've seen a healthy retracement.
Key Observations:
Current Price: 0.02534 (+2.47%)
Support Level: Holding steady around the EMA(99) (purple line) at 0.02496. This is a crucial zone for bulls to defend.
Resistance: Looking to break back above the EMA(25) (pink line) at 0.02547 to regain bullish momentum.
Volume: Consolidating after the recent peak, indicating the market is deciding its next move.
Strategy: Keep a close eye on the 0.02500 level. If it holds, we might see another test of the 0.02600+ range. However, a break below the EMA(99) could lead to further cooling off.
What do you think? Is $FOGO ready for another leg up or heading for more consolidation? Let me know below! 👇
