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.
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