FET breakout from wedge, retesting level, buying zone!
Morning fellow traders!
So far, FET have been flagging out of the falling wedge, before the sudden 20% spike we saw yesterday. This spike quickly got sold off again, and we're back to retest the level for the third time. This is a LOW RISK trade. You'd want to enter within the green zone, and place your SL at/below the red line. If we break the red line, we are likely to retest the lowest point on the chart, which is from the listing-day. The black lines are representing different levels you'd expect FET to respect if we break up from here again.
I want to get this chart out as quickly as possible, so I'm cutting it here!
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So far, FET have been flagging out of the falling wedge, before the sudden 20% spike we saw yesterday. This spike quickly got sold off again, and we're back to retest the level for the third time. This is a LOW RISK trade. You'd want to enter within the green zone, and place your SL at/below the red line. If we break the red line, we are likely to retest the lowest point on the chart, which is from the listing-day. The black lines are representing different levels you'd expect FET to respect if we break up from here again.
I want to get this chart out as quickly as possible, so I'm cutting it here!
If you like it and would like to receive future updates - Please, follow me on TradingView!
If you follow me, I guarantee you will receive timely updates to this chart, and all other interesting tickers. This will allow you to stay on top of the current Fetch.ai trend and hopefully maximize your profits!
If you agree, please, Like this Idea - This would be the best feedback and encouragement for me!
Comment:
We broke the support and headed to the next one which is the ATL for FET. SL got hit at -2%, re-entering inside this green box taking some profits around the previous buy zone at 8k and moving SL to break even.
