FET 4-hour .. Where's the bottom? When to buy?
Aktualisiert
Have the left-over money to re-invest into FET. around $650
Where to enter. Yeah that's a tough situation.
"Yeah I'm gonna catch the bottom"
It's possible if your sitting on your computer all day long, not probable.
I like to place an order incase I am not at home.
#1...I am comfortable stating that FET will go up and create new highs one day, most likely next year.
#2...Buy on the way down or the dip after major indicators are looking very exhausted. "Possible that is now"
#3...4-hour MACd usually has one more dip in it as it turns and heads upwards, at some point before crossing into positive territory.
Those items are part of the thought process. I have 500 or 600 coin purchase points, which will be more than the original 401 I had had.
For now I will place the order to buy down at the 96 cent level. .. the $1.30 will be reserved for a trade in, if PA decided not to go lower.
All together I might miss an entry point in the near future.
PA could indeed march down -72% to 63 cent level... This is a situation that is still in play, beware.
Another stop loss should be applied. or.. because the deep dives are usually quick to recover then not stopping out...
If that happens, a cost averaging play could be a solution or just wait for PA to gain back all the lost PA.
Where to enter. Yeah that's a tough situation.
"Yeah I'm gonna catch the bottom"
It's possible if your sitting on your computer all day long, not probable.
I like to place an order incase I am not at home.
#1...I am comfortable stating that FET will go up and create new highs one day, most likely next year.
#2...Buy on the way down or the dip after major indicators are looking very exhausted. "Possible that is now"
#3...4-hour MACd usually has one more dip in it as it turns and heads upwards, at some point before crossing into positive territory.
Those items are part of the thought process. I have 500 or 600 coin purchase points, which will be more than the original 401 I had had.
For now I will place the order to buy down at the 96 cent level. .. the $1.30 will be reserved for a trade in, if PA decided not to go lower.
All together I might miss an entry point in the near future.
PA could indeed march down -72% to 63 cent level... This is a situation that is still in play, beware.
Another stop loss should be applied. or.. because the deep dives are usually quick to recover then not stopping out...
If that happens, a cost averaging play could be a solution or just wait for PA to gain back all the lost PA.
Anmerkung
Moved my purchase order to $1.30. I feel a 1-2-3-4-5 pattern will continue. $1.30 is a likely area a #2 can obtain, before continuing to #3 position.
Trade ist aktiv
Found an entry point. I did adjust it as the PA had moved higher since I last drew the Gray Fib Lines.
Made a choice to go with the 50% retrace line at $1.2779. Hopium it is the beginning of the 1-2-3-4-5 run upwards.
Anmerkung
it also looks like.... a reverse H & S is forming which will be a positive for this trade.Anmerkung
PA steadily marching upwards. I am looking forward to the quick boost upwards. This is marked out as the 7.50% yellow box.
Maybe looking at what indicators show at that point of $1.55+, could be a time to take some off the table.
Getting to the $1.45 level could be a long wait. PA will be chopping in order to breach this entry target point.
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