#FET is now approaching a pretty attractive weekly buy zone, around 0.19.
I don’t like blindly trying to catch the bottom. I’ll wait for the price to actually drop into this zone, absorb the selling pressure, and reclaim the upper edge of the zone before considering opening a long position again for a swing trade.
If the signal is confirmed, the first key target to watch is 0.274. If the price breaks through that level and can consolidate above it, there may be room to extend toward higher time-frame price levels.
The risk/reward ratio for this opportunity is quite good, and the stop-loss logic is clear: if the price continues to fall below the buy zone, the bullish thesis is invalidated.
This zone is worth watching, but I won’t place an order without a clear entry signal.
I don’t like blindly trying to catch the bottom. I’ll wait for the price to actually drop into this zone, absorb the selling pressure, and reclaim the upper edge of the zone before considering opening a long position again for a swing trade.
If the signal is confirmed, the first key target to watch is 0.274. If the price breaks through that level and can consolidate above it, there may be room to extend toward higher time-frame price levels.
The risk/reward ratio for this opportunity is quite good, and the stop-loss logic is clear: if the price continues to fall below the buy zone, the bullish thesis is invalidated.
This zone is worth watching, but I won’t place an order without a clear entry signal.