$FOGO FOGO/USDT – Time for a rebound? 🚀
Locally, we are building a base at 0.0320 and it looks like a solid bottom. The price is stagnating in consolidation, and the Bollinger bands are narrowing – a significant breakout may happen soon! If we maintain support, we will be heading to close higher levels.
🎯 My setups:
TP1: 0.0348 (upper band)
TP2: 0.0363 (previous peak)
SL: 0.0318 (below the last low)
What’s next?
UP: We break through 0.0340 and aim for a quick 5-8% profit.
DOWN: If we lose 0.0320, I’m exiting the position, as it may seek a deeper bottom.
RSI provides space, we are waiting for volume. Remember to manage risk! 🧠💸
Locally, we are building a base at 0.0320 and it looks like a solid bottom. The price is stagnating in consolidation, and the Bollinger bands are narrowing – a significant breakout may happen soon! If we maintain support, we will be heading to close higher levels.
🎯 My setups:
TP1: 0.0348 (upper band)
TP2: 0.0363 (previous peak)
SL: 0.0318 (below the last low)
What’s next?
UP: We break through 0.0340 and aim for a quick 5-8% profit.
DOWN: If we lose 0.0320, I’m exiting the position, as it may seek a deeper bottom.
RSI provides space, we are waiting for volume. Remember to manage risk! 🧠💸