🔥📊 $FOGO USDT | Short-term bullish reversal

The $FOGO shows early signals of a bullish reversal in the short term after strongly defending a key demand area. The price maintains trading above the significant timeframe support and stabilizes near the dynamic moving average, indicating accumulation at lower levels.

The recent correction appears corrective rather than a break of the trend, with a price structure supporting a continuation upward towards higher resistance areas.

📈 Technical outlook:

Moving averages have started to converge, often preceding strong movement.

A breakout and stabilization above the nearby resistance may ignite an expansion in momentum.

Targets are heading toward the previous supply area.

🚀 Trading plan (bullish scenario)

📥 Entry:

After confirming the breakout of resistance

🎯 Targets:

First target: 0.03880

Second target: 0.04020

Third target: 0.04150

🛑 Stop loss:

0.03590