$FOGO Fogo (FOGO) Shows Short-Term Momentum After a Range Break Chart Snapshot (1H): FOGO is printing a short-term uptrend after breaking out of a tight consolidation range. Strong bullish candles pushed price above prior resistance, which is now acting as near-term support. The recent high marks immediate resistance, where momentum briefly paused. Volume expanded on the breakout, then cooled slightly — a normal post-impulse behavior.
Quick Outlook: Continuation is possible if price holds above breakout support with stable volume. Failure to hold that zone could lead to a pullback or range rotation. Risk Reminder: FOGO remains volatile. Use confirmation and proper risk management. Not financial advice.
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$SOPHUSDT has completely lost its bullish structure, breaking down from the key 0.03700 support zone and continuing in a steep decline. With no visible recovery attempts and lower timeframes showing strong bearish momentum, this downtrend is set to deepen further unless a sharp reversal occurs.
🔻 Trade Setup Entry Zone: 0.03480 – 0.03520 Take Profit 1: 0.03360 Take Profit 2: 0.03240 Stop Loss: 0.03600 Leverage: 10x Risk per Trade: 2–3% of wallet
📉 Market Outlook The 15m chart highlights a strong downtrend with consistent lower highs and lower lows. The recent breakdown below 0.03700 confirms a shift in control to bears. Without any bullish divergence or volume reversal, further downside remains likely. Monitor for exhaustion below 0.03350.