FET is snapping higher after a decisive break of the previous swing low, eyeing the next resistance zone. Momentum is backing the move, making the long side tempting.
๐ข $FET LONG ๐ โ Trade Plan
โข Entry: $0.192907 โ $0.193293
โข Stop: $0.187307 (-3.0%)
โข Target 1: $0.195996 (+1.5%)
โข Target 2: $0.202755 (+5.0%)
โข R/R 1:1.7 | Confidence 64%
The market structure break (CHoCH) opened the trade, while a surge in CVD confirmed buying pressure. A fair value gap aligns with an order block, creating a POI confluence that reinforces the entry. The price is now testing the upper edge of that overlap, setting up a clean 1:1.7 riskโreward.
A 3โฏ% stop is fairly tight, so limiting leverage to 5โ10ร keeps the trade within a sensible risk envelope.
Consider scaling out half the position at the first profit target around the 1.85 level.
As always: manage your risk, this is not financial advice ๐
$FET #FETUSDT #CPIWatch #TradingSignals #Write2Earn
๐ข $FET LONG ๐ โ Trade Plan
โข Entry: $0.192907 โ $0.193293
โข Stop: $0.187307 (-3.0%)
โข Target 1: $0.195996 (+1.5%)
โข Target 2: $0.202755 (+5.0%)
โข R/R 1:1.7 | Confidence 64%
The market structure break (CHoCH) opened the trade, while a surge in CVD confirmed buying pressure. A fair value gap aligns with an order block, creating a POI confluence that reinforces the entry. The price is now testing the upper edge of that overlap, setting up a clean 1:1.7 riskโreward.
A 3โฏ% stop is fairly tight, so limiting leverage to 5โ10ร keeps the trade within a sensible risk envelope.
Consider scaling out half the position at the first profit target around the 1.85 level.
As always: manage your risk, this is not financial advice ๐
$FET #FETUSDT #CPIWatch #TradingSignals #Write2Earn