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Fetch.AI / TetherUS
Long
Updated

FET: If 1.05 doesn't hold, build longs from .63-.90

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This is a quick idea attached to a couple of other FET trades that I have posted.

I have a FET short trade still going, where 1 take profit area was met already, and the second take profit area is from .90-.63. I think that there is a good probability to take out the 1.05 support on FET as it stands now, and we may just visit that second take profit zone of .90-.63.

There may even be a wick down to .48 cents.

IMO this will ensue the second half of the bull run for FET and all other coins, too.

So, I imagine that we will build an accumulation area from about .63-.90.

This is where I am hoping to build FET longs if we make it down there.

I will post some more well defined targets once the time comes if it comes, but I think that FET will either double top around 3.50ish, or make it to 4.43, or if we get super bullish...around 7.14.

Thank you!
Trade active
Alright - I have already started building longs in this .63-.90 area!
Trade active
snapshot watch this short term re-trace closely, as it may reveal a lot about where price may be settling. I still think that .63 getting tapped is highly likely, and maybe even a wick to .48. Or, we may stabilize around the current low around .70.
Trade active
I have a really nice long position built already. If the low isn't in yet, I'll add to my position if we actually go close to .63.
Trade active
snapshot and there you have it, another accurate entry!
Note
snapshot Up over 100% from entry already!!!!
Note
I took profits because I simply had to with a 100% gain. My position is now risk free. I'll add to it if it goes back down into the .63-.90 area.
Trade active
snapshot Yeah, I am feeling really good about getting this position to risk free. Taking profits here is probably a great decision.
Trade active
snapshot the 1.05/1.15 S/R has held on a couple of tests now. I added some back from my profit taking.
Note
Sry, 1.05-1.08 S/R is what I'd meant.
Trade active
snapshot I have added the targets that I am going by for the rest of this bull run. Targets 3 and 4 I consider us lucky to get to them if we do!
LoneWolf1425
FibonacciSupport and Resistance

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FibonacciSupport and Resistance
LoneWolf1425

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.