FET BLUEPRINT - ALL SETUP

25 Ağu

FETUSDT is still bullish on the higher timeframe but buying now is not advisable because of the risk reward. What you should wait for is the retracement to point 2 area after present price reaches point 1.

But if price fails to reach point 1 and starts to deep from current price then it is best to buy lower after price has taken the PSL (previous swing low) down to the WEEKLY ORDER BLOCK (W. OB) while the STOP LOSS is slightly below it. From there we will have a nice RISK REWARD RATIO.

While I expect price to bounce from the Weekly Order Block, there is no exception that the Stop Loss can't be taken because we have a huge WEEKLY FAIR VALUE GAP and depending on the volume of the bears price can surge down into that W. FVG and there is certainty that price will bounce HARD from there with a long wick after taking all the liquidity that rest beneath it.

So to summarize, there are three entry level where two of them are (W. OB & W. FVG) for BUY/LONG and two Stop Losses respectively while the third one is at POINT 2 with it Stop Loss at the PSL.

The POINT 2 entry level is mainly for those who are already in any FET position seeking to know where to trail profit while the other two entries is for those who are for those interesting in a good positioning for a nice RISK REWARD.

I will be updating this chart as every level unfolds so make sure to follow and turn on notification to stay updated.


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