A buying opportunity has formed on FET (4H)A clear bullish Change of Character (CHoCH) has formed on the chart, created with strong momentum from buyers. This shift in market structure indicates that bullish participants are gaining control and that the probability of continuation to the upside has increased.
At the moment, price is trading around a key level, an area that has previously acted as an important decision zone for the market. Holding and accepting value above this level strengthens the bullish scenario and increases the likelihood of further upward movement.
Above the current price, there is a large liquidity pool formed around recent highs. This liquidity has not yet been taken and may be swept in the near future, which often acts as a catalyst for an impulsive bullish move.
We have identified two entry zones on the chart. Rather than entering aggressively, it is recommended to enter positions using a DCA (Dollar-Cost Averaging) approach within these areas to manage risk and reduce exposure to volatility.
Targets are clearly marked on the chart.
Once price reaches Target 1, consider taking partial profits. After securing some gains, the stop loss should be moved to break-even, allowing the remaining position to run with reduced risk while targeting higher levels.
As always, proper risk management is essential, and patience in execution will be key for this setup.
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