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Trader_CD
Mar 5, 2023 4:06 PM

FET/USDT Short

Fetch.AI / TetherUSBinance

Description

Fet was on of the best performers this run and I'm expecting a big correction soon.
The AI narrative is over and the bubble is bursting.

I will use a larger SL beacuse it's not so liquid and could see some spikes up if there is some liquidity left.
It's still ranging but I'm expecting that it will start trending down soon.

My first target will be at $0.28. That's the Mid Range.


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Comment

Stops at break even. Don't want to get squeezed. If it runs the Stops, will jump back in later.

Comment

Took some profits. Stops in profit.

Trade closed manually

Comments
notyjerry1
respected sir thank you so much for sharing this wonderful analysis with us
sir I have question
can we aspect this correction in a week ..? or later .?
Trader_CD
@notyjerry1 hard to say timewise, depend if BTC squeezes up first...
SwallowPremium
Good overview on the market! Which analysis you will do next?
Giannivd
do you think the news reveal in march for Fetch can affect price? thanks for your chart!
Trader_CD
@Giannivd don’t know what’s the news about, but by the looks of it, it will probably be sell the news event.
Giannivd
some sort of milestone reveal. I'm short just wanted to hear another opinion, I think the same 😁 cheers buddy keep it up @Trader_CD
tradetowin81
Prepare to get rekt boys. Funding is green.
Trader_CD
@tradetowin81 funding is green didn't age well.
Giannivd
@tradetowin81 thats bs, if everytime funding were green u'd long then ur 100% failing alot
Trader_CD
@tradetowin81 yeah that means fanbois like you are buying the dip on leverage, we’ll see how that ends..
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