Hello fellow traders as we can see here on the chart I believe FET has hit its bottom and about to push further and breakout to the upside. We have a bullish pennant forming on the weekly chart. We have fallen and come back above the S3 pivot. Stochastic resetting and MACD rising. I am a mean reversion trader so for me minimum on this trade is $1.30. After this assuming the breakout continues then $2 and $3. Stop loss below that invalidation point being 0.3439 on the Weekly chart. Points of resistance are 0.96C and $1.50. If Alt coin season arrives before this breakout I will update the trade with further price targets. As always NFA, trade the higher time frames Daily, Weekly, Monthly this is where smart money trades!. Use proper risk management. Best of luck to everyone. Open to feedback and criticism :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.