$FET FET/USDT here's the analysis for the next 12 hours along with a suggested buy entry and stop loss (SL):
1. Trend and Indicator Analysis:
Current Price: $1.8501
MA (Moving Average):
The price is below the MA9 and MA21, indicating short-term bearish pressure.
MACD:
The MACD histogram shows weakening bearish momentum, with a potential golden cross as the MACD line approaches the signal line.
RSI (Relative Strength Index):
RSI is around 44, near the neutral zone, but not showing overbought or oversold conditions.
KDJ (Stochastic):
KDJ is near the oversold zone and starting to show signs of a potential rebound.
Volume:
Decreasing volume indicates a lack of strong push from either buyers or sellers.
2. Trading Scenario:
Buy Entry:
Potential entry level: $1.82 - $1.85 (near the nearest support from previous candles).
Ensure confirmation of a bullish signal, such as a solid green candlestick or a golden cross on the MACD.
Stop Loss (SL):
Place SL below the strong previous support, around $1.77, to limit risk.
Take Profit (TP):
First TP target: $1.90 (nearest resistance based on the previous candle's high).
Second TP target: $1.95 (resistance from the 24-hour high).
3. Further Strategy:
If the price drops below the SL, avoid entering too early until a new support level is confirmed.
If bullish momentum strengthens, use a trailing stop to secure profits.