Long trade #11 for Fetch.ai FET price with short stop-order

12 sept 2023

Yesterday, the FETUSDT price behaved relatively restrained amid a rather rapid drop in the BTCUSDT price.
Buyers managed to keep the FET price above the trend line, which has been in place for about a month.

So today we will try to take a long as close to the same trend line as possible with the shortest possible stop order:
Enter = 0.2206
Stop = 0.2169 (- 1.7%)
TP = 0.2590 (+ 17.6%)
P/L ratio = 10.5

We allocate $10,000 for this trade
In the event of a mistake, we will lose $170
If the trade will success, we will receive a profit of $1760

What do you think about this trade, and what is your vision? Write about it in the comments!

13 sept 2023

Nota

The FET price has practically reached the entry point. The price movement is quite smooth. Compared to other cryptocurrencies, the price of FET is holding strong.

at 12:30 UTC CPI US will be announced. At the moment, the volatility in the markets may increase and it will be a good chance to wait for the entry of the FET position at the price of 0.2206.

However, if after the increase in volatility, the FET price does not reach the desired nm mark - we will enter the trade at the market price.

Has anyone bought a FET? Write in the comments what your situation is!

13 sept 2023

Nota

We entered a long position at 0.2231
Stop order unchanged 0.2169 (-2.77%)

18 sept 2023

Operación activa

We bring the position to breakeven
new stop order 0.2235