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FETBTC

FET/BTC ANALYSISFET/BTC FET topped out as is recently hit the daily resistance block and 200 MA. There was a strong rejection and the retrace is bringing FET back down towards support. On the bright side, FET is in a falling wedge that SHOULD end right near the support zone. This is prime for a long position entry and push OUTSIDE of the wedge back up towards T1 at 600 sats. Followed shortly after are the previous highs at T2 of 660 sats. Lastly, the 200 MA at 740 sats is the final exit point. Last time FET hit 200 MA there was a strong rejection, im expecting the same until a major bull market comes into play. Exit accordingly, and also wait for the prime entry. Possible Entries: 470-520 sats
by altchicasignals
FET/BTC Daily Analysis - 48% Move UpHey traders, looking at FETCH.AI coin today trading on Binance. If you're in my Telegram group, you would've known to take profits at this 1st sell target area of 762 sats, now targeting 1134 for an additional 50% move up. Right now we're having heavy resistance at the 762 sat level, but we'll get through the turbulence. Anything under the 1st sell target is a great buy, and you can even zoom into a smaller time frame than the 12H to find quick hourly moves. Buy @ 762 sats or lower Sell @ 1134 sats As always please do your own research, I am not a financial advisor.
Long
by kyer
1
FETUSDT [Watchlist] : Breakout Attempt - When and How to BuyThe price action for BINANCE:FETUSDT is currently making an attempt for crossing-up the resistance area after few days of building-up just below. Depending on whether the current daily candle will close above the resistance, it will give traders a good opportunity to take a long position. Overview : since the Nov 22th low (at 0.0217) the price action has initiatedan upward move while making higher lows (i.e. green curves on the chart). Over the past few days, the price has been building up (grey box) just below the current resistance area between 0.06368 and 0.06059 (i.e. red rectangle ). The bullish structure formation since the Nov 22th low gives bulls good chances for potentially breaking-up the resistance area this time. FETUSDT-FETBTC Convergence : traders may notice a convergence by looking at the price action for BINANCE:FETBTC . The chart clearly provides the same bullish signs described in the BINANCE:FETUSDT chart. Finding convergence for an asset traded against two distinct assets generally a good sign. Here's a link for the BINANCE:FETUSDT chart : Risk management : given the elements described in the overview, traders might wait the current daily close to take position or not. If the price closes above the top of the resistance (i.e. 0.06369), it will be a bullish sign since buyers would have been able to push the price above the resistance. Profit targets and stop loss would be set based on the entry price. My Trading Principles : - Risk/Reward ratio : since it is difficult to predict every market movement, it is suggested for traders to only look for trades with a R/R ratio of at least 1:3. - Stop loss : in addition of the initial stop loss, if the price actually goes as predicted, traders should keep a trailing stop to keep some profit. - Position Sizing : it is suggested for traders to stick to their position sizing strategy. As a rule of thumb, most retail investors risk no more than 2% of their investment capital on any one trade. "Remember, plan the trade, trade the plan. Build that discipline." I will keep updating this trade according to the future price action. Please support this idea with your likes, thanks. Best regards, You can also follow me on : => Telegram : t.me => Twitter : twitter.com => Instagram : www.instagram.com => LinkedIn : www.linkedin.com
by jbadiabo