📈LONG: $FET (1H)
Current Price $1.68
Market Cap $4.23B
Change 1h -2.04% | 24h +5.94%
Hourly Indicators:
• RSI: 54 - Neutral 🟠
• MACD: 0.02 - Bullish 🟢
• EMA: 1.64 - Above 🟢
Analysis:
FET/USDT is showing potential for a strong move after breaking its trendline on the 1-Hour timeframe, signaling a possible Long position. Keep an eye on the mid-level of Fair Value Gaps (FVGs) for further confirmation. Local resistance is present at the Previous Month Low (PML) of $1.8585.
Price Targets:
Key targets to watch for are the PML at $1.8585 for resistance and further upside towards the Previous Week High (PWH) around $2.2000. Be mindful of the previously established lows near $1.5000 as potential support.
