Trade setup: $FOGO
Current price: 0.03508
Entry price: 0.0345 – 0.0352 (buy on minor pullbacks or clean hold above support)
Target 1: 0.0400
Target 2: 0.0485
Stop loss: 0.0318
FOGO is currently trading near a short-term demand zone after a decent correction, which often attracts buyers looking for a rebound. Price is holding above previous support around the 0.034 area, suggesting sellers are losing momentum. Volume has started to stabilize, which usually comes before a directional move. If FOGO maintains structure above the entry range, a push toward the 0.040 resistance is likely, where partial profits make sense. A successful breakout above that level can open the door toward the 0.048 zone, which aligns with prior rejection areas. Risk is well defined with a stop below 0.032, protecting against a breakdown. Overall, this setup favors a calculated long with controlled downside.
