From TradingView · · 40s
FETUSDT Big Falling Wedge Break
FET cryptocurrency breaks falling wedge pattern with retest signal for long positions.
In brief
FET cryptocurrency breaks falling wedge pattern with retest signal for long positions. FET cryptocurrency broke a falling wedge pattern on Binance Futures with a retest signal for long positions. Originally reported by TradingView.
FETUSDT Pattern Break
FET cryptocurrency pulled back to 50MA support and looks ready for mid-term recovery toward 200MA resistance.
Long Position Setup
TradingOn set up a long position with 2.0x isolated leverage for 5.1% of funds targeting 0.1842 to 0.4753.
Risk Management
Position has 1:4.0 risk-reward ratio with 39.5% possible loss and 158.1% expected profit over three months.
The big picture
FET cryptocurrency broke a falling wedge pattern on Binance Futures with a retest signal for long positions.
