Red candle on FET does not always mean cheap entry.
Price: 0.185500 · 24h -6.31% · Vol 13M USDT.
FET is currently a pure momentum play: there is money flowing in, but we need more confirmation before trusting the trend.
I’m not jumping to conclusions about the story too soon; for now, I’m only watching volume, price levels, and the reaction after the move. -6.31% shows that selling pressure is still significant. I’ll wait for a reclaim of 0.201700 or for a new base to form; buying early just because the price is deeply in the red is often an emotional trade.
I’d like to see selling pressure ease around 0.185000, or a clearer reclaim of 0.201700. Trying to catch the bottom just because “it’s already fallen a lot” is usually the riskiest part.
Dip buy or wait for confirmation?
#FET #DipBuying #RiskManagement
Price: 0.185500 · 24h -6.31% · Vol 13M USDT.
FET is currently a pure momentum play: there is money flowing in, but we need more confirmation before trusting the trend.
I’m not jumping to conclusions about the story too soon; for now, I’m only watching volume, price levels, and the reaction after the move. -6.31% shows that selling pressure is still significant. I’ll wait for a reclaim of 0.201700 or for a new base to form; buying early just because the price is deeply in the red is often an emotional trade.
I’d like to see selling pressure ease around 0.185000, or a clearer reclaim of 0.201700. Trying to catch the bottom just because “it’s already fallen a lot” is usually the riskiest part.
Dip buy or wait for confirmation?
#FET #DipBuying #RiskManagement