FET - Next Pump Comin Soon

566
FET

Looks like a 3 wave correction with shallow and cause building 3rd wave that you could call a Wycoff Creek.

Could be a great buy right here; looks set to pump again soon.

FET apparently is a super big deal in AI and it has a super long name to boot.

This coin really does pump hard.

If you can buy the dip right then it can be a great ride.

This was a deep dip back in the 2023:

snapshot

And the first solid dip in this wave up was as the 2 week candle closed a hammer within a 1:1.618 Golden Window.

snapshot

And this is a nice opportunity here before this coin becomes a runaway train again.

Not advice
Trade active
Up 14% since I posted just 2 hours ago.

Thats how its done.

Much more to come 🚀

snapshot
Note
Correction - it was a 3 wave 1:1* not 1:1.618
Trade closed: target reached
I dont always update on the low time frame plays.

This has been some really nice quick fire profit, but FET has printed a fast liquidity sweeping slightly higher high Shooting Star candle.

Your textbooks will tell you this candle is bearish, but context is everything.

In this instance the wick is a stop loss hunt; probing up and then back down.

Now that has happened it increases the odds of further downside.

This is a low time frame Wyckoff UT UpThrust - an age old pattern in a relatively new and ultra volatile market.

These patterns often occur as a market maker signature /leading indicator that the overall market is moving into a correction.

Profit taken

Will look for re-entries later.

But not sure if i'll get time to post any re-entries on TradingView.

GG 👍.

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.