FET AI Ready For a Huge Pump? Bullish Daily Divergence AGAIN....10/15/23 Degen Dynasty

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Description:
So once again on the FET daily chart we are seeing bullish divergence on the wave trend oscillator. This is no guarantee the price will rise back to the top of the range but looking at two previous instances where bullish daily divergence price quickly moved to the top its local daily range and chopped sideways and retraced back to the bottom.

Currently we have seen the first move up on this daily divergence and looking for a pull back to the last lower time frame support resistance flip to look for bullish signals in the 0.21-0.205 area. Solid entry signals would be looking at lower time frames such as the hourly for price to hit this area wick back, maybe an engulfing candle, and or bullish divergence on the small time frames.

On this daily chart we have clearly defined the average range thus far and split this range into quarters. As usual price has respected these levels quite nicely.

Knowing how high price will rise or fall is simply not part of reality but considering past performance and key price levels should certainly be part of our trading plans.

Current trading plan is to wait for price to pull back to the .21-.205 area and take a long entry IF the bullish signal is provided via candle stick pattern or divergence ONLY at this key support resistance flip level.

Targets will equal divisions of the range. Being we are currently in the bottom 25% of the range with bullish daily signals we should be looking to close in the upper 25% or the range but not being greedy and taking profit along the way at known key resistance levels.

Trade Well......