Trade setup for FET

18 ก.พ. 2023

The idea is: Buy when the price breaks above 0.461$ and take profits at the levels shown in the chart.

Targets:

1. 0.48$
2. 0.51$
3. 0.56$
4. 0.6$
-------------------------------------------

What's a Fair Value Gap (FVG) ?:
A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders.
-------------------------------------------

What are triangles when it comes to trading?

Key points:
"1. In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.

2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern in the event of failure.

3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."

-------------------------------------------
If you like the content, then make sure to comment and like the post :D

Follow me for daily profitable trading setups.

BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!