#FET Profits:- 46.39% In Spot Without Leverage..💸💰
The chart i shared appears to be an analysis of FET/USDT (Fetch.AI) on the daily timeframe. Here’s how this setup looks profitable:
Trendline Support:
The ascending trendline drawn on the chart suggests a bullish structure. Price has respected this trendline, bouncing upward multiple times, indicating strong buyer interest at these levels.
Demand Zone:
The shaded green box represents a demand zone (support area), where buyers stepped in previously. Price reacted positively from this zone, confirming it as a strong area of demand.
Breakout and Retest:
Price broke above a key resistance level (marked near $1.50) and continued upward. Such breakouts often indicate a shift in market sentiment from bearish to bullish.
The current price has also retested this breakout zone, confirming it as support, which adds to the bullish outlook.
Bullish Target (Take Profit):
The target area is marked near $1.862, with a risk-to-reward ratio of approximately 1:5.43 (46.39% upside). This suggests that for every $1 risked, there’s a potential profit of $5.43—a highly favorable setup.
Stop-Loss Placement:
A stop-loss is placed below the demand zone and the trendline (around $1.05). This is a safe area where the setup becomes invalid if breached, minimizing potential losses.
Profitability Strategy:
Entry: Near the retest of the breakout ($1.25–$1.30 range).
Stop-Loss: Below $1.05 (to protect capital).
Take-Profit: Around $1.86 or higher if bullish momentum persists.
The confluence of the trendline, demand zone, and breakout makes this trade idea high-probability, as long as market conditions remain favorable.
Would you like to dive deeper into risk management or position sizing for this trade?
#nomaeffect
