$FOGO
FOGO/USDT Update đ„
FOGO is trading around 0.02449 after a steady intraday sell-off. Price rejected near 0.0274 earlier and has been forming lower highs since then â clear short-term bearish structure on the 1H chart.
The recent drop pushed price down to 0.02431, where weâre seeing a small reaction. However, candles are still below the 25 MA and 99 MA, and the short MA is sloping down. That tells me momentum is still weak for now.
For buyers to regain control, FOGO needs to reclaim the 0.0256 â 0.0260 area with strong volume. Without that, any bounce may just be a temporary relief move.
If 0.0243 breaks cleanly, lower liquidity could get tapped quickly.
Current structure: Bearish short term.
Key level to watch: 0.0243 support.
Wait for confirmation â donât trade emotions.