Clear invalidation if it fails to trade above the gray block.
Since FET has been outperforming most of the sector, some AIs should follow suit. This one, in particular, has held its ground in 2024 while many others have been struggling during this altcoin correction.
Simple plan...
Trade active
Few %s away from first TP.
No action required for now. Let the price action develop over time.
Trade active
First Take Profit
We’re seeing one more consolidation at these levels, and the next target is on the horizon. Many coins are showing similar setups, making them easier to identify. I anticipate we’ll start to see range trading soon, as dips are likely to be short-lived.
While most people are expecting another 50% retracement, I believe this will not apply to the top-performing coins. This scenario could be particularly painful for those sitting on the sidelines, as they may be forced to buy back at much higher prices.
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.