FET appears to be forming a triangle pattern (4H)

Jun 17

After a sharp decline in the form of Wave A, FET now appears to be consolidating within a neutral range.

It seems to be forming either a triangle pattern or a more complex corrective structure. Our trading setup is to enter a buy/long position if the price reaches the green zone, aiming to ride Wave E of this triangle to the upside.

The targets for Wave E : 0.1993$ _ 0.2063$ _ 0.2125$

Enter the position using a DCA strategy within the entry zone.

A daily candle close below the invalidation level will invalidate this analysis.

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Do you also think FET is bearish?

Jun 19

Trade active

After hitting the green zone, the price pumped and reached the first target