FET/BTC ANALYSIS
FET/BTC
FET topped out as is recently hit the daily resistance block and 200 MA. There was a strong rejection and the retrace is bringing FET back down towards support. On the bright side, FET is in a falling wedge that SHOULD end right near the support zone. This is prime for a long position entry and push OUTSIDE of the wedge back up towards T1 at 600 sats. Followed shortly after are the previous highs at T2 of 660 sats. Lastly, the 200 MA at 740 sats is the final exit point. Last time FET hit 200 MA there was a strong rejection, im expecting the same until a major bull market comes into play. Exit accordingly, and also wait for the prime entry.
Possible Entries: 470-520 sats
FET topped out as is recently hit the daily resistance block and 200 MA. There was a strong rejection and the retrace is bringing FET back down towards support. On the bright side, FET is in a falling wedge that SHOULD end right near the support zone. This is prime for a long position entry and push OUTSIDE of the wedge back up towards T1 at 600 sats. Followed shortly after are the previous highs at T2 of 660 sats. Lastly, the 200 MA at 740 sats is the final exit point. Last time FET hit 200 MA there was a strong rejection, im expecting the same until a major bull market comes into play. Exit accordingly, and also wait for the prime entry.
Possible Entries: 470-520 sats
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