FieryTrading

🔥 FET Bullish Reversal Trade: Patience!

Long
BINANCE:FETUSDT   Fetch.AI / TetherUS
FET has been trading bearish for months. As of a couple of days ago, BTC saw a huge break out which will likely take alts with it. This trade assumes that FET, an early 2023 winner, will move up together with BTC.

I'm waiting for the break out through the top diagonal resistance. Once a daily candle has closed above said resistance, we're entering from around that level. Target at the 2023 top for the highest risk-reward. If you're more risk averse, consider taking (partial) profits around 0.30 or 0.40

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