$FET Convergence is in the final stage, but unclear
On the daily chart level, the triangular convergence has reached its final stage, but volatility has not decreased. This triangular convergence structure is unlikely to take shape; we need to observe the performance of the next structure. At the same time, the price has risen from the bottom to this POC position, and it is unlikely to pass through in one go.
From the perspective of horizontal space, after experiencing a second test and reaching a peak in the stage, it can also be considered as moving towards a range-bound fluctuation; the pressure point for growth is also strong.
Currently, I have not found a good structural entry to trade this coin; my plan is to wait for a breakout from this range, and then enter after a JOC.
Alternatively, if the price moves again to the bottom of the range, a signal can be taken to enter at the bottom of the range.
