$FET / $USD - Update
We got that bounce. Easy profits for those who followed and got in. https://t.co/WXh7k1w7pp
$FET / $USD - Update
We got that bounce. Easy profits for those who followed and got in. https://t.co/WXh7k1w7pp
$FET / $USD - Update
Waiting on the dip into support. No entry just yet on FET. https://t.co/H3N2OmawcL
🚨 ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85 UPDATE 🚨
I clearly warned everyone about ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85 and mentioned that the breakout was looking more like a fakeout than the start of a real trend reversal. ❌
As expected, the market gave traders a false sense of confidence with a short-lived move to the upside, only to reverse shortly after.
📉 The fake breakout played out exactly as anticipated, and ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85 has now dumped back into our projected dump zone. ✅
Sadly, a lot of large accounts got trapped into believing this was a genuine breakout.
Even worse, many investors followed the hype and opened long positions, expecting the market to continue moving higher.
Follow @CryptoSpotter05 🚀
🚨Lot of DMs on ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85 lately, as many top influencers are calling for a breakout and expecting ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85 to pump above $1 soon.However, I cannot comment on what other traders are claiming. I can only share what my own charts and analysis are showing.
As per my opinion, It is currently trading inside a Parallel Channel, and we just saw a breakout attempt above the resistance trendline.
At first look this may look bullish, especially with RSI pushing into the higher zone.
But according to my current chart structure, I still believe this breakout could turn into a fakeout before the real move begins.
There is still a high probability of another dump in the coming weeks/month, and if that happens we could re-enter the Dump Zone marked on the chart. 📉
As long as price fails to hold strongly above the channel breakout area, I would stay cautious instead of getting overhyped here.
For now:
• Mid-term structure = still risky
•
$FET short, cleannn🫳 https://t.co/FwpAEJscCf
$FET short, taking 70% here and stops to BE🤝 https://t.co/QB1KcDBxax