$FET đ»
Position: Sell @ 0.2247
Risk Level: 0.235 | Target 1: 0.2041
FET's had a solid run, but it's looking a bit stretched up here.
- The trend is bullish, but price is trading in the premium zone of the dealing range, near 77% of the range, favoring a pullback.
- A recent bullish break of structure and change of character confirmed the uptrend, but price has since swept multiple buy-side liquidity pools.
- Two distinct buy-side liquidity sweeps occurred just a few candles ago, at the 0.2208 and 0.208 levels, which often precede a reversal.
- A minor inducement pullback to 0.2175 was not taken, suggesting price may be overextended and ready for a deeper correction.
- The nearest open buy-side liquidity is at 0.235, making it a logical stop level, while a swept sell-side liquidity pool at 0.1956 is a clear target.
Let's see if the market takes its profits here.
#CryptoFamily #Trading #FET
Position: Sell @ 0.2247
Risk Level: 0.235 | Target 1: 0.2041
FET's had a solid run, but it's looking a bit stretched up here.
- The trend is bullish, but price is trading in the premium zone of the dealing range, near 77% of the range, favoring a pullback.
- A recent bullish break of structure and change of character confirmed the uptrend, but price has since swept multiple buy-side liquidity pools.
- Two distinct buy-side liquidity sweeps occurred just a few candles ago, at the 0.2208 and 0.208 levels, which often precede a reversal.
- A minor inducement pullback to 0.2175 was not taken, suggesting price may be overextended and ready for a deeper correction.
- The nearest open buy-side liquidity is at 0.235, making it a logical stop level, while a swept sell-side liquidity pool at 0.1956 is a clear target.
Let's see if the market takes its profits here.
#CryptoFamily #Trading #FET