Ten hours ago I said $FET was stretched and that I would wait for a clean move above 0.2492 before trusting it. It made that move.
FET is now at 0.252, up 11.7% in 24 hours. In my earlier post it was 0.237 on about 20.4M USDT of 24h volume. The 24h volume is now about 36.0M. So price cleared the level I named, and more money came in with it.
Being honest: calling it stretched at 0.237 meant missing about 6% of move so far. The rule still did its job, though. Waiting for the level plus volume is what turned "maybe" into a signal.
The backdrop helps. $BTC is up 1.7% at 86,178, its best 24h change in my recent checks of the majors. Fear & Greed is 65 (Greed).
What I am watching now: whether FET holds above 0.2492. A level that was resistance should act as support if the breakout is real. A fall back under it would make this a failed break, and I would treat it that way.
#FetchAI #BreakoutWatch
FET is now at 0.252, up 11.7% in 24 hours. In my earlier post it was 0.237 on about 20.4M USDT of 24h volume. The 24h volume is now about 36.0M. So price cleared the level I named, and more money came in with it.
Being honest: calling it stretched at 0.237 meant missing about 6% of move so far. The rule still did its job, though. Waiting for the level plus volume is what turned "maybe" into a signal.
The backdrop helps. $BTC is up 1.7% at 86,178, its best 24h change in my recent checks of the majors. Fear & Greed is 65 (Greed).
What I am watching now: whether FET holds above 0.2492. A level that was resistance should act as support if the breakout is real. A fall back under it would make this a failed break, and I would treat it that way.
#FetchAI #BreakoutWatch
