$FET Analysis Update

#FET , now ranked 51 on CoinMarketCap, has been undergoing a correction since late May. We are currently in a weekly support zone, where buying interest is expected to emerge.

In previous analyses, we mentioned that FET had filled all our buy orders and was beginning to bounce from the lower boundary of the marked range. On the daily timeframe chart, FET is close to breaking the bearish structure of this correction, which could signal the start of a trend reversal.

This is my analysis: do your own, and if you're afraid, use a stop loss. FET is one of the few cryptocurrencies that hasn’t gone down the drain and has managed a strong rebound of over 120%. These are interesting zones to average in and look for entries. In the coming weeks, I speculate on a move toward the mid-range area, around $1.11.

Never spend all your liquidity. Make staggered purchases or use some form of DCA. Cryptocurrencies are highly speculative. Try to buy Bitcoin and forget about altcoins.