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#FET#
✅📊💰📝🔥$FET price movement analysis using descending channel.🔥💵💸💰📉📈
currently $FET moving along the descending channel. Usually the descending channel indicator is for short seller traders who understand its pros. and cons. Here we presented two possibilities: how it usually plays out.
i) Figure 1 displays that if $FET in a descending channel fails to break out then it will fall sharply in downward direction and touch the lower part of the channel if held then rebound. If the break out fails on touching the upper channel then price will fall hard in the lower direction.
ii) Figure 2 displays that if #FET breaks the upper resistance of the descending channel and on completing a successful retest then price might go up very quickly. This is the case for long buyers and for those who want to take long opportunities.
iii) Spot buyers can buy within the channel and DCA if they bought at a higher price. Markets always create opportunities so wait for the best opportunity don't be in a #FOMOFactor .
Please press follow if you like the idea and follow for more updates and information. Thank you.
This is not financial advice. DYOR for financial activities. The sole purpose is learning and awareness.
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