$FOGO — Volatility Spike, Now Stabilizing
$FOGO printed a sharp expansion candle followed by controlled pullback. Price is now stabilizing near the base, which suggests absorption after volatility — not a collapse.
This kind of structure usually needs time. As long as the base holds, downside looks limited and another expansion remains possible.
Trade setup 👇
Entry: 0.0385 – 0.0410
SL: 0.0348
TP1: 0.050
TP2: 0.062
As long as FOGO holds above the post-spike base, bias stays constructive.
Lose 0.0348 and I step aside.
Simple.
FOGO
0.02387
+6.94%