FJET - Accumulation in the Making!

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FJET - Accumulation in the Making!Starfighters Space, Inc.BATS:FJETTheSignalystAfter months of bearish pressure, FJET may finally be entering a different phase. ⚠️ Following the sharp selloff, price managed to stabilize around the major $4.5 - $5 support zone, where buyers started stepping in repeatedly. Now, instead of making aggressive bearish impulses, price is compressing inside the green symmetrical triangle, which is often considered an early accumulation structure. πŸ“Š 🎯 What’s Next? As long as the $4.5 - $5 support zone holds, we will be expecting the bulls to gradually take over short-term within the accumulation phase. The first bullish objective remains the upper bound of the triangle marked in green. πŸ“ˆ However, for the bulls to fully take over long-term and officially start the bullish trend / markup phase, a confirmed breakout above the accumulation structure is needed. In such a scenario, momentum expansion toward higher levels becomes increasingly likely. πŸš€ In brief, FJET appears to be transitioning from bearish pressure into accumulation, but bulls still need breakout confirmation. ⚠️ This is not financial advice. Always do your own research and manage risk properly. πŸ“š Stick to your trading plan regarding entries, risk, and management. Good luck! πŸ€ All Strategies Are Good; If Managed Properly! ~Richard Nasr