FET 4-hour - AI - "Artificial Superintelligence Alliance"I was and wasn't bummed I sold my initial entry too early. However I shouldn't complain to much making 60% profit on that in less than a month.
I decided to play with some house-monies and found a re-entry position to squeeze another scalp trade.
I do like the coin and almost wish I would just hodl some large bags worth.
This project will probably be one of the successful use cases more like a utility token, having that 3 individual coin projects recently merged into this one.
Hence the wording "Alliance".
We have indicators like the 4-hour that got low enough in negative territory to have reset and start the trending upwards. Looking for the 4-hour divergence that did not form, however it was turning upwards and I entered into the trade. A few hours later a 1-hour divergence formed and PA started it's march upwards.
Looking to reach about a 10% increase in PA and will re-evaluate the trade situation, around the $1.87 level.
Why trade FET ? .. it has an outstanding Volatility right now. There will be possibilities and opportunities for multiple short term scalping trades.
I have posted Fib lines, triangle structure, and two target "yellow rectangles".
I have always used a 2% COT "cost of trading" buffer, it tends to be the maximum cost and a minimum goal to start profit taking.
Good Luck