Trade Idea: $FET
Trade Setup
🏷️ Name: Fetch.ai
💠 Ticker: $FET
📈 Direction: Long
🎯 Entry: $0.285
🎯 Target: $5.00 or trailing stop
🛑 Stop Loss: $0.17
⚖️ Risk / Reward: 41 : 1
🌎 Exchange: Hyperliquid or Coinbase
🏷️ Name: Fetch.ai
💠 Ticker: $FET
📈 Direction: Long
🎯 Entry: $0.285
🎯 Target: $5.00 or trailing stop
🛑 Stop Loss: $0.17
⚖️ Risk / Reward: 41 : 1
🌎 Exchange: Hyperliquid or Coinbase
Fetch is basing out at support near the bottom of a 6+ year channel after its 3rd major selloff. While the current trend is down and market conditions for crypto are rough, there is asymmetric risk/reward for a spot trade (leverage not recommended) for those willing to take a riskier (lower win rate) trade opportunity.
