#FET'S RECENT DECLINE MADE US EARN 28.62% + 3.93% OF PROFIT: HERE'S HOW
The latest FET rejection that happened has made us earn 32.55% within 11 days. We have recently identified the possible retest of the previous week's middle price. As this has went below the middle price, we were also able to take note of the following:
- FET's price has moved just below the month of June's low which was at 1.05. From there, more demands have presented themselves making FET bounce from below the middle weekly price to above its middle weekly price.
- Enough momentum would suffice the need of FET to close another 6%-13% increase from just below its middle price. Although, with a strong momentum, it could potentially lead to more than 20%-23% increase from there.
- More traders are still awaiting sell orders at 1.32-1.79, hence, it will be tough to break it immediately without any retest for better support points.
- Since the 0.72 key level was already touched. FET still needs to test 1.54-1.71 to ensure these levels will hold the price of FET off before taking flight.
- All other factors will present themselves once we've confirmed other price actions of FET.
Stay wise, trade cautiously.
