🔴 Short Liquidation Alert — $FOGO
$FOGO is up +2.57% at $0.00876, now testing the $0.00898 resistance. This level is crucial: a breakout could trigger short covering toward $0.00920, while a rejection would likely send price back to $0.00854 support.
Support: $0.00832–$0.00854
Resistance: $0.00898–$0.00920
Next Target: $0.00898, then $0.00920
A hold of $0.00854 supports a bounce toward resistance. Conversely, a break below $0.00832 would open the door to $0.00810. A daily close above $0.00898 would signal strength and could extend the rally.
For now, momentum favours caution until the market confirms direction.
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