The Calm Before the Fire? Inside $FOGO’s Current Structure
The recent price movement of $FOGO has caught my attention. After the price dropped close to 0.0199, the market showed a strong reaction and moved back above 0.022, indicating strong buying pressure. On the 4H chart, there are signs of higher lows being formed, which is a strong indication of accumulation before a strong move. Apart from the charts, what I am more excited about is the infrastructure plan that $FOGO has. When fundamentals meet increasing volume, it can be a strong momentum phase. What are your thoughts on $FOGO ? Do you think it is still undervalued, or are we going to see another retest before the breakout?
$FOGO is displaying good strength on the 4H chart. After bouncing off the 0.0199 levels, it has regained momentum and is forming higher lows around 0.0226. Volume is increasing, and volatility is widening. A breakout above the recent highs can trigger the next move. Closely watching and accumulating dips. Infra story is strong. #fogo $FOGO