๐ฅ $FOGO Holding Strong โ Continuation Looks Likely
After an aggressive impulse leg, $FOGO hasnโt collapsed or retraced deeply โ instead, itโs cooling off above demand, which is exactly what you want to see in a strong trend. Sellers tried to take profit, but price refused to break down. Thatโs a sign of control, not weakness.
This consolidation phase looks more like re-accumulation than distribution. Buyers are absorbing supply and defending the base, suggesting the market is preparing for another expansion leg once momentum re-ignites.
As long as price stays supported above the current structure, the bullish bias remains intact.
๐ Trade Plan
Entry Zone: 0.0528 โ 0.0540
Stop Loss: 0.0488
Targets:
๐ฏ 0.0605
๐ฏ 0.0720
๐ฏ 0.0950
Patience is key here. This is not a chase โ itโs a wait-for-continuation setup. If momentum resumes, upside could accelerate fast. Manage risk, let structure guide you, and donโt overleverage.
๐ Watching closely.
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