FET Long Position (Bull Market Anticipation)
2024-10-08

Market Context: FET is demonstrating a shift in market structure, indicating the potential for an upward trend. As a strong AI-related asset, it is poised for the next leg up in the current bull market. We expect one final shakeout below the previous fake low, providing an optimal entry point for a long-term position.

Trade Setup:

Entry: Around $1.15.
Take Profit:
First target: $1.70
Second target: $2.00
Third target: $3.20
Stop Loss: Daily close below $0.95.

This setup allows us to capitalize on potential upward momentum while maintaining a manageable risk. #FET #Crypto #AI