So We have spotted an opportunity here, Fuel is currently at a very tight consolidation on 4H chart.
We have shared the chart below: Do let us know what you think!
This token is available on: Binance, Coindcx, gate.io and a few other exchanges.
Data taken from Coinmarketcap
Our overall bias on $Fuel: Bullish (It will be confirmed on breakout).
We will be charting Fuel/BTC pair only
FUEL/BTC 4H
Chart:
Overall Bias: Bullish (confirmed on breakout)
Critical zones have been marked on chart! We are currently in a critical zone.
Points to note:
- Very narrow consolidation which usually results in a strong move
- Limited downside with a good upside
Our take: Risking a small amount will be good, with a target of around 42-44 sats on breakout.
Bonus: Check the chart below to identify Risk to reward ratio.
Let us know in the comments what you think!
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Stay tuned for more upates!
Update: It already started to break out while writing, keep eyes on this :D