【$FOGO Signal】Long - 1H breakout retest confirmation, main force clearly intends to support the price

$FOGO The 1H timeframe is consolidating strongly above EMA20, just completed a test and retest of the previous high at 0.02756. The 4H timeframe has a volume-driven long bullish candle breaking through the downtrend line, confirming a trend reversal signal. The current price is supported above the 1H EMA20 (0.0261), and the order book shows deep buy-side volume, indicating a clear intention by the main force to support the price. This is an excellent short-term sniper opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0271 - 0.0273 (Reason: 1H EMA20 support zone + retest confirmation after breaking previous high )

🛑Stop Loss: 0.0265 (Reason: Break below 1H EMA50 support + previous 1H candle low )

🚀Target 1: 0.0283 (Reason: 4H resistance level )

🚀Target 2: 0.0295 (Reason: 1.618 Fibonacci extension based on ATR )

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: 4H and 1H trend resonance, risk-reward ratio >2 )

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Trail remaining position for profit; if the 1H close price falls below EMA20, exit all positions.

Deep logic: After a 15% increase, the price did not undergo a significant pullback, and open interest remains stable, indicating not just a short squeeze but that funds are being absorbed. The 1H RSI (67) is in a strong zone but not overbought, leaving room for further upside. The order book shows large buy volume (0.0271-0.0272), forming a solid support wall, while sell pressure above is relatively dispersed, facilitating a breakout. Combined with the volume-driven bullish candle on the 4H timeframe, this rebound momentum has not yet exhausted.

View real-time market 👇 $FOGO

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