FETUSDT should be going down to $1.28 from there, I expect a bounce and it bullish continuation because on the daily timeframe which is considered a primary cycle, the volume is still pretty strong.Unlike the first scenario, this one won't be going much higher but at least $6 is expected so when you get there, don't make the mistake of "oh we are going to the moon" and forget to take profit.
OTHER ANALYSIS
Note
we got the retracement, now I expect price to go for the above target $6 while the invalidation is at $0.805 for FETUSDT
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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.