Fet looking quite strong.
Successful mini breakout/pump after consolidation/squeeze.
Multiple retests of daily orderblock suggesting solid support as we continue monitoring priceaction.
Clear trading range based on trade volume, key is to monitor the coming price action to determine if we will see 1 of 3 things:
1) Denial at resistance (stays within trading range after reaching resistance)
2) Spring (break at resistance, then returning into trading range)
3) breakthrough (breaks resistance, heading into some degree of price discovery or pump (either or)
Either way I am long FET!
Successful mini breakout/pump after consolidation/squeeze.
Multiple retests of daily orderblock suggesting solid support as we continue monitoring priceaction.
Clear trading range based on trade volume, key is to monitor the coming price action to determine if we will see 1 of 3 things:
1) Denial at resistance (stays within trading range after reaching resistance)
2) Spring (break at resistance, then returning into trading range)
3) breakthrough (breaks resistance, heading into some degree of price discovery or pump (either or)
Either way I am long FET!