🔥 FET Long-Term Opportunity: Bullish Channel

3 авг. 2021 г.

Since the corona sell-off over a year ago, FET has been trading inside a bullish channel, bouncing off either trend line over 2 times now.

With BTC's regained confidence and bullishness, it might be time to consider entering long-term trades again.

One of the tokens on my list is FET, because of the aforementioned reasons. At the moment, I'm eyeballing the green entry area for a potential buy into the market and keeping it till at least the end of the year.

On the other hand, if a bullish break out from BTC occurs, FET will naturally follow. A daily close above 0.43 would be a nice start to start looking for entries since we can assume that we're going to see a new bullish move soon.

Long-term target would be $2. Might be a stretch, but if we get another move like we've seen earlier this year it's definetely possible.

Happy trading!