Quick take on FET: good move, but risk comes first.
0.242900 · 8.00% 24h · Vol 22M USDT.
FET is currently a pure momentum setup: there is incoming capital, but more confirmation is needed before trusting the trend.
I don’t want to read a candle as a whole story. I’m not assigning the story too early; for now, I’m only watching volume, the price zone, and the reaction after the breakout. The +8.00% move is large enough to be worth noticing, but it’s not enough for FOMO. What I want to confirm: does the volume hold up after the initial push, or does it quickly fade when price hits 0.243600?
If you’re watching it, I’ll wait for the reaction around 0.220900 or a cleaner reclaim of 0.243600.
Bullish or waiting?
#FET #RiskManagement #Trading
0.242900 · 8.00% 24h · Vol 22M USDT.
FET is currently a pure momentum setup: there is incoming capital, but more confirmation is needed before trusting the trend.
I don’t want to read a candle as a whole story. I’m not assigning the story too early; for now, I’m only watching volume, the price zone, and the reaction after the breakout. The +8.00% move is large enough to be worth noticing, but it’s not enough for FOMO. What I want to confirm: does the volume hold up after the initial push, or does it quickly fade when price hits 0.243600?
If you’re watching it, I’ll wait for the reaction around 0.220900 or a cleaner reclaim of 0.243600.
Bullish or waiting?
#FET #RiskManagement #Trading