$FET
is approaching an interesting weekly buy zone around 0.19 I’m not interested in blindly buying the dip. I want to see price enter the area, absorb the selling pressure and reclaim the upper part of the zone before considering another swing long. If confirmed, the first major target would be 0.274. A breakout and consolidation above it could open the door to a much larger expansion toward the higher macro levels. The setup offers a strong risk-to-reward ratio because the invalidation is simple: sustained acceptance below the buy zone would invalidate the long idea. The area is interesting, but without a valid trigger, there is no trade.
is approaching an interesting weekly buy zone around 0.19 I’m not interested in blindly buying the dip. I want to see price enter the area, absorb the selling pressure and reclaim the upper part of the zone before considering another swing long. If confirmed, the first major target would be 0.274. A breakout and consolidation above it could open the door to a much larger expansion toward the higher macro levels. The setup offers a strong risk-to-reward ratio because the invalidation is simple: sustained acceptance below the buy zone would invalidate the long idea. The area is interesting, but without a valid trigger, there is no trade.