🔥 $FOGO Strongly rising but approaching a critical resistance
📌 The price has seen a strong increase of 19.43% over 24 hours and has broken several resistance levels.
📌 It is now testing resistance at 0.04092 after reaching a high of 0.04090 in the last 24 hours.
⚠️ The proximity to the psychological level of 0.041 makes it a strong barrier to continued upward movement.
🛡️ The main support is at 0.0374, aligning with MA20, providing a strong basis for the price.
📊 The flows on shorter time frames (2H: +563k, 30m: +202k) indicate a return of interest in leverage at these levels.
🔹 Buy setup $FOGO
• Aggressive: from 0.0405 – 0.0407 with a tight stop loss
• Conservative: wait for a pullback to 0.0385 – 0.0390 (near the MA5/MA10 crossover)
🛑 Stop loss: 0.0391 if entered at 0.0405 (below key support and MA20)
🎯 Targets $FOGO
• First target: 0.0426
• Second target: 0.0444 (strong resistance)
⚠️ If the price fails to clearly break the resistance at 0.0409 within 2–3 candles, reassess the buy direction.
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