$FET continues to converge, waiting for signals, cannot rush
The triangular convergence is still ongoing, while finally forming a right triangle, constantly testing the buying power at the 1.3 support level; however, this buying power is not very strong, and there is a high probability it won't hold; this structure should absolutely not be traded on the left side, the risk is extremely high.
This trading plan is based on this convergence pattern:
1. Triangular convergence breaks upwards with volume. The hypotenuse breaks through, and the positions of the upcoming resistances (1.4 and 1.7) need to be confirmed, after which the first target is at 2.
2. Convergence breaks downwards with volume, observe the buying power at the key support levels (1 and 0.7), then wait for a bottom formation before entering.
3. In other situations where there is no volume, still do not enter easily, this position can easily trap traders.
It has been in a sideways range for over 100 days; the longer the sideways movement, the higher the subsequent rise; as the saying goes, the longer the sideways, the higher the rise.