$FOGO is trying to hold a reaction zone, but I still don't see a clean trigger to act on.
$FOGO • LONG
Trade setup:
Entry zone: 0,008290 – 0,008322
TP 1:0,008412
TP 2:0,008478
TP 3:0,008585
SL: 0,008174
What keeps me interested in the long:
• Price sitting above EMA34 on the 4h gives a slight edge to buyers.
• ADX is still below 25, so the trend conviction is not strong enough for me.
• I would only trust the setup if price accepts above 0.008322; losing 0.008174 invalidates the view.
My current take:
I am staying patient and waiting for a clearer reaction before committing to a direction.
The decision point:
Would you wait for a retest of 0.008174 or enter on a clean break above 0.008322?
⚠️ Personal market analysis only, not financial advice. Always verify the live price and manage your own risk.
$FOGO • LONG
Trade setup:
Entry zone: 0,008290 – 0,008322
TP 1:0,008412
TP 2:0,008478
TP 3:0,008585
SL: 0,008174
What keeps me interested in the long:
• Price sitting above EMA34 on the 4h gives a slight edge to buyers.
• ADX is still below 25, so the trend conviction is not strong enough for me.
• I would only trust the setup if price accepts above 0.008322; losing 0.008174 invalidates the view.
My current take:
I am staying patient and waiting for a clearer reaction before committing to a direction.
The decision point:
Would you wait for a retest of 0.008174 or enter on a clean break above 0.008322?
⚠️ Personal market analysis only, not financial advice. Always verify the live price and manage your own risk.