$FOGO #FOGOUSDT is currently trading around 0.02124 USDT. The price recently touched a local high near 0.02195 and a low around 0.02017, showing short-term volatility but maintaining overall consolidation.
The structure shows:
Gradual upward movement
Higher lows forming
Strong support around 0.02080 or 0.02100 zone
📈 Indicator Analysis
1️⃣ Supertrend 10 or 3
Supertrend is currently bullish
Price trading above Supertrend line
Indicates short-term buying strength
2️⃣ MACD
MACD lines close to crossover
Momentum slightly positive
Histogram near zero Market consolidating before next move
3️⃣ RSI 6
RSI around 46 or 50
Neutral zone
Not overbought, not oversold
Room for upside movement
4️⃣ Volume
Volume spike seen during recent breakout
Currently stable waiting for confirmation move
📌 Key Levels
🟢 Support Zones:
0.02080 Major intraday support
0.02017 Strong daily support
🔴 Resistance Zones:
0.02195 Recent high
0.02220 Next breakout target
🎯 Trade Setup Short Term Strategy
✅ Bullish Setup Buy Position
Entry: 0.02120 0.02130
Stop Loss: 0.02070
Take Profit 1: 0.02195
Take Profit 2: 0.02220
💰 Profit Potential:
If entry at 0.02125 TP1 at 0.02195
Approx gain: 3.2percent
If TP2 hits approx 4.5percent
⚠️ Risk:
Stop loss at 0.02070
Risk approx: 2.5percent
📊 Risk/Reward Ratio 1:1.5 to 1:2 Healthy setup
❌ Bearish Scenario Loss Condition
If price breaks below 0.02080 support with strong volume:
Possible drop toward:
0.02030
0.02017
In this case: Avoid long positions Wait for confirmation before re-entry
📊 Market Psychology
Buyers defending 0.02080 zone
Sellers active near 0.02195
Breakout above 0.02200 may trigger strong bullish momentum
Currently market is in consolidation before breakout.
🏁 Final Conclusion
FOGO is showing short-term bullish strength but needs volume confirmation for a strong breakout.
✔ Above 0.02195 Strong Buy momentum
❌ Below 0.02080 Bearish pressure increases
Trade smart. Always use Stop Loss.
Manage risk per trade 1 or 3percent capital rule.
