$FOGO just made a fairly strong push. On the 4H, the breakout at 0.005354 came with volume around 3.7x the average, while the 1H is still holding a higher-high/higher-low structure. So the focus now is on the retest area after that spike.
Entry: 0.005354–0.005422
SL: 0.005314
TP1: 0.005572
TP2: 0.006447
The move hasn’t lost momentum yet: the 1H RSI is still at 66.3, MACD remains positive, and OBV is still rising. OI is down 1.4%, while L/S is now at 2.38, so long positions in the market are starting to get crowded. For me, the 0.00535 level is still the key one to watch if FOGO retests that area.
If buying pressure returns, 0.005572 is the first target I’m watching. Above that, there’s room to move toward 0.006447.
Entry: 0.005354–0.005422
SL: 0.005314
TP1: 0.005572
TP2: 0.006447
The move hasn’t lost momentum yet: the 1H RSI is still at 66.3, MACD remains positive, and OBV is still rising. OI is down 1.4%, while L/S is now at 2.38, so long positions in the market are starting to get crowded. For me, the 0.00535 level is still the key one to watch if FOGO retests that area.
If buying pressure returns, 0.005572 is the first target I’m watching. Above that, there’s room to move toward 0.006447.
