FET/USDT broke out of its channel upwards. RSI is pretty high so watch out for that. Mid-term targets (depending on how fast BTC goes):
Target 1: 0.180 (trying to brake it now)
Target 2: 0.244
Target 3: 0.30
Patience is key, don't stress out when it drops. Use stop-losses but beware of stop-loss hunting.
Target 1: 0.180 (trying to brake it now)
Target 2: 0.244
Target 3: 0.30
Patience is key, don't stress out when it drops. Use stop-losses but beware of stop-loss hunting.
Trade closed manually:
All targets were reached a lot faster than expected. Target 2 is acting as support now but I would like to see if this holds.
The fourth resistance at 0.35 was too much to break. If 0.23- 0.24 won't hold then target 1 around 0.18 will act as support.
For now a bearish divergence has formed, which most of the time means some sell-offs are going to take place.
I am staying at the sideline since the run up went fast and normally those end well. If supports holds the comming days, new setups can be made. And if it decides to continue going up... watch out for:
- 0.35
- 0.40
- 0.45
After this it's price discovery.
Trade safe, take profits, don't hunt the ultimate top because you won't catch it. 10 times 1% is also 10% profit.
Always check BTC and ETH first before making a trade.
The fourth resistance at 0.35 was too much to break. If 0.23- 0.24 won't hold then target 1 around 0.18 will act as support.
For now a bearish divergence has formed, which most of the time means some sell-offs are going to take place.
I am staying at the sideline since the run up went fast and normally those end well. If supports holds the comming days, new setups can be made. And if it decides to continue going up... watch out for:
- 0.35
- 0.40
- 0.45
After this it's price discovery.
Trade safe, take profits, don't hunt the ultimate top because you won't catch it. 10 times 1% is also 10% profit.
Always check BTC and ETH first before making a trade.
Comment:
Still staying at the sideline here, patiently waiting for btc to make a move.