Since August of last year price action has risen to provide a 1700% return as forecast (long idea below). A number of reasons now exist to appreciate long risk far outweighs reward.
On the above 8 day chart:
1) Price action has arrived at legacy resistance in the uptrend channel. Look left. This is also true for the FET.btc pair (below)
2) As with previous corrections price action prints a bearish engulfing candle following a strong up trend.
3) Everyone on tradingview.com is bullish, remember 90% of market participants lose money. FETUSDT/SKYLP
Is it possible price action continues in uptrend? Sure. Is it probable? No.
Ww
FET Long idea, August 2023
FET.btc 8 day pair
Trade active
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Resistance confirmed.
Comment
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Under a dollar will come, both USD and FET.btc pairs now print high probability sell signals on the 3 day charts. Look left!
@arpaust, Just remember the 6 day chart below has printed some of the most reliable signals. As long as you're okay eating a 70% correction before the uptrend continues.