๐ $FET | LONG SETUP
๐ฏ Trading Plan:
Entry: 0.20560 0.20480
TP1: 0.20920 (+2.15%)
TP2: 0.21310 (+4.05%)
TP3: 0.21840 (+6.60%)
Stop Loss: 0.19970 (-2.50%)
๐ Technical Analysis:
On the 4H and 1D charts, FET is forming a narrowing wedge pattern with the price hitting the lower edge of the channel. The Stochastic has crossed up from the oversold zone indicating momentum is shifting to the upside.
Volume around the demand zone at 0.20450 shows a significant increase while OBV is maintaining a sideways trend, signaling that the bulls are absorbing supply.
The current price is also testing the Fibonacci retracement level of 0.5 from the latest downtrend, making it a suitable entry point for a long position with an attractive risk-reward ratio.
Click on the chart below to execute your $FET order the fastest ๐
๐ฏ Trading Plan:
Entry: 0.20560 0.20480
TP1: 0.20920 (+2.15%)
TP2: 0.21310 (+4.05%)
TP3: 0.21840 (+6.60%)
Stop Loss: 0.19970 (-2.50%)
๐ Technical Analysis:
On the 4H and 1D charts, FET is forming a narrowing wedge pattern with the price hitting the lower edge of the channel. The Stochastic has crossed up from the oversold zone indicating momentum is shifting to the upside.
Volume around the demand zone at 0.20450 shows a significant increase while OBV is maintaining a sideways trend, signaling that the bulls are absorbing supply.
The current price is also testing the Fibonacci retracement level of 0.5 from the latest downtrend, making it a suitable entry point for a long position with an attractive risk-reward ratio.
Click on the chart below to execute your $FET order the fastest ๐