Fet Ready to Rip?
After the 3 day decline of approximately 20% Fet may be ready for a 10% retrace or another massive leg up. Higher time frame are still over sold but lower time frames are looking more bullish with plenty room to range.
It is hard say how far these can go but AI related projects have been on a relentless tear to the upside. The high may or may not be in and really can't be known but a retrace would be signficant and continuation should be expected until there is brake of trend.
This is the hourly chart and price has pulled back to its trend with hourly osicllators fully reset.
Current Trading Plan:
The 3 day decline produced a 20% range. Trade the retrace to the 50% area and look for signs of continuation. The current low is clear point of invalidation
Trade Well
Your Friend,
Degen
It is hard say how far these can go but AI related projects have been on a relentless tear to the upside. The high may or may not be in and really can't be known but a retrace would be signficant and continuation should be expected until there is brake of trend.
This is the hourly chart and price has pulled back to its trend with hourly osicllators fully reset.
Current Trading Plan:
The 3 day decline produced a 20% range. Trade the retrace to the 50% area and look for signs of continuation. The current low is clear point of invalidation
Trade Well
Your Friend,
Degen
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