Taking a closer look at my alt positions and what the charts are telling me.
With FET, there's some interesting divergence across timeframes. The monthly MACD is showing solid bullish momentum, but zoom into the daily and things get shakier—bearish signals starting to appear. The weekly sits somewhere in between, neither confirming nor denying the move. Meanwhile, CRV presents a different picture: monthly's looking potentially bearish, while the weekly is running with the bulls. Daily is neutral ground.
Given this mixed setup, especially FET's weakening near-term technicals, I made the call to trim my position. Lower prices might be brewing in the short term.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
7
Repost
Share
Comment
0/400
SelfStaking
· 13h ago
FET this wave is a bit hard to withstand, with a bullish monthly line and a bearish monthly line, and a daily line—aren't they just asking for trouble... It's still smarter to reduce positions.
View OriginalReply0
liquiditea_sipper
· 13h ago
The bullish and bearish divergence of FET is really remarkable. The monthly chart looks optimistic, but the daily chart is underperforming. I also directly reduced my position.
View OriginalReply0
GasFeeSobber
· 13h ago
FET this wave definitely needs to reduce positions. The monthly chart is bullish, but the daily chart is dragging down, so it's likely to decline in the short term.
View OriginalReply0
RugDocScientist
· 13h ago
FET this time is indeed tricky, I'm also hesitating whether to cut or not.
View OriginalReply0
MEVvictim
· 13h ago
FET is a bit mysterious this time. I am optimistic in the long term but anxious in the short term. I am also preparing to reduce my position and observe.
View OriginalReply0
HalfPositionRunner
· 13h ago
FET is indeed a bit awkward this time. The monthly chart is bullish, but the daily chart is starting to panic... I also want to cut my position.
View OriginalReply0
IntrovertMetaverse
· 13h ago
FET this wave is really deceiving people, the monthly chart is awesome but the daily chart is trash, I just say sometimes technical analysis is nonsense.
Taking a closer look at my alt positions and what the charts are telling me.
With FET, there's some interesting divergence across timeframes. The monthly MACD is showing solid bullish momentum, but zoom into the daily and things get shakier—bearish signals starting to appear. The weekly sits somewhere in between, neither confirming nor denying the move. Meanwhile, CRV presents a different picture: monthly's looking potentially bearish, while the weekly is running with the bulls. Daily is neutral ground.
Given this mixed setup, especially FET's weakening near-term technicals, I made the call to trim my position. Lower prices might be brewing in the short term.