FOGO/USDT is currently in a sustained **downtrend** on the 4H timeframe, characterized by lower highs and lower lows. Price is trading below the **MA(7), MA(25), and MA(99)**, confirming bearish dominance. However, we are seeing signs of a local bottom forming near the **0.01711** support.


**Strategy:** A smart spot entry involves waiting for a successful retest of the **0.01730** level or a breakout above the yellow MA(7). Set a tight stop-loss just below the recent swing low at **0.01690**.
**Take Profit Targets:**
1. **0.01820** (Immediate resistance)
2. **0.01880** (MA(99) alignment)
3. **0.01995** (Major structural peak)
*Not Financial Advice, Do Your Own Research.*
$FOGO
FOGO-0.67%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin