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GreenCryptoTrades
Mar 25, 2024 5:53 PM

FET - Flag pattern - Waiting on Breakout - Daily Chart Long

BINANCE:FETUSDT1D
Fetch.AI / TetherUSBinance

Description

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BINANCE:FETUSDT (1D CHART) Technical Analysis Update

FET is currently trading at $2.6813 and showing overall bullish sentiment
FET has formed a nice flag pattern and the price is waiting for breakout. IF the price breaks out then we have a good opportunity for long trade

Entry level: $ 3.01
Stop Loss Level: $ 2.04

TakeProfit 1: $ 3.73
TakeProfit 2: $ 4.4
TakeProfit 3: $ 5.7
TakeProfit 4: $ 6.8
TakeProfit 5: $ 8.6

Max Leverage: 2x

Don't forget to keep stop loss.

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Cheers
GreenCrypto

Comment

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Trade is still active
Technical IndicatorsChart PatternsTrend AnalysisFETfetchaiAIFETUSDTbuyFLAGpatternLONG
Comments
ebomby
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Why would you wait until $3.01? Shouldn’t a daily close above resistance confirm breakout, regardless of price? Also, would you consider a 4h close above resistance confirmation? Thanks!
GreenCryptoTrades
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@ebomby, Yes you can enter after 4h close above resistance. I would wait untill a clear breakout without risking early entry
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