$FET is showing strong bullish momentum, with potential for another upward move if the $1.400 support holds.
**Trend Analysis**
Short-term Bullish: The strong push up from $1.273 to $1.450 within a short time frame suggests bullish momentum, supported by rising volume (115.05M FET). However, the price is now consolidating near $1.408, possibly preparing for another upward move.
Healthy Retracement: The retracement from $1.450 to $1.394 is a healthy pullback, suggesting bulls may step back in around the $1.400 area for another leg higher.
Potential Entry Points:
Entry for Long: Look to enter around $1.400–$1.395, as this could be a good support zone based on the recent price action and EMA alignment.
Stop Loss: Set a stop loss around $1.370 to limit risk in case of further downside.
Take Profit: Consider taking profits near $1.450 (previous resistance). If it breaks this level, the next psychological target would be $1.50.
Monitoring volume will be crucial for confirming any breakout. An entry near $1.395 with a cautious stop loss at $1.370 offers a balanced risk-reward opportunity for traders.
Note: Analyzing FET/USDT based on the provided 30-minute chart
