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$FOGO Watch for a long rebound opportunity. The market is all calling it weak right now, which could actually be a good spot for a rebound.
At present, the 4-hour structure still supports a bullish view. On the daily chart, there is a clear reaction in the 0.00899 to 0.00901 range. The 15-minute RSI is around 46, the indicators are neutral, and there is still room for continued upside. In addition, the 15-minute volume has expanded by 1.04x, with real buy-side funds entering the market.
You can consider entering around 0.00899 to 0.00901. For upside targets, first look at 0.00907, then 0.00911 and 0.00918. Place the defense level at 0.00891. Everyone, pay attention to position sizing, set stop-loss in place, and manage risk.