$FOGO after a sharp correction in the 0.041 range, the price has gradually stabilized and found support around 0.0384. As the candlesticks converge, market selling pressure is noticeably weakening—this is a typical volatility compression phenomenon, often indicating an imminent directional breakout.

From a technical perspective, support levels are sequentially at 0.0380 and 0.0376, while resistance is at 0.0396 and 0.0410. For traders, the 0.0380-0.0385 range is an ideal entry point, with the first target at 0.0396, and if momentum continues, it can further target 0.0410. Setting stop-loss below 0.0375 is considered reasonable.

It is worth noting that the momentum indicator is currently in the oversold zone, but the price structure remains intact—this is a common signal before a rebound. Patient participants in the market are waiting for opportunities here, while impulsive actions often come at a cost.

From a higher time frame, this correction is just a short-term adjustment within a broader bullish structure, and the true trend direction will be confirmed upon breaking key levels.