šŸšØ $FET LONG LIQUIDATION ALERT šŸšØ

Overview:

Fetch.ai (FET) faced a long liquidation worth $6.2215K at $1.2975, reflecting selling pressure. While this indicates short-term weakness, it might create a good buying opportunity if the price holds near key support levels.

Key Levels to Watch:

Buy Zone: $1.28 - $1.30

Target Zone: $1.35, $1.42, $1.50

Stop Loss: $1.25

Next Steps:

1. Entry Point: Look for $FET to stabilize within the $1.28 - $1.30 zone. Enter a position if the price consolidates and shows signs of recovery above $1.30.

2. Target Levels:

First Target: $1.35

Second Target: $1.42

Third Target: $1.50

Take profits step by step as the price moves toward these levels.

3. Stop Loss: Place your stop loss at $1.25 to manage risk if the market moves against you.

Why Itā€™s a Potential Opportunity:

Long liquidations often lead to temporary dips, which may be followed by a bounce if buyers return.

$FET ā€™s ability to hold near $1.2975 could signal a reversal and upward momentum.

Reminder:

Wait for clear confirmation of support and upward movement before entering.

Stick to proper risk management to protect your capital.

Stay alert and be ready to take advantage of FETā€™s next potential move! šŸš€

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