🚨$FET /USDT Analysis🚨
📊The $FET /USDT pair is currently experiencing a bullish trend, with the price holding above the 100-day moving average. The recent upward momentum suggests a potential continuation of this trend.
📈Long Position:
🚀 Entry: Consider entering a long position around the 1.700 level, where the price has found support and bounced off.
🛑 Stop Loss: Place a stop loss below the recent swing low, around the 1.650 level.
🎯 Take Profit: Set a take profit target at the 1.800 level, representing a potential 5.88% upside.
📉Short Position:
While the current trend is bullish, a cautious approach is warranted. If the price breaks below the 100-day moving average and the 1.650 support level, it could signal a potential reversal.
🚀 Entry: Consider entering a short position around the 1.650 level, if the price breaks below it.
🛑 Stop Loss: Place a stop loss above the recent swing high, around the 1.700 level.
🎯 Take Profit: Set a take profit target at the 1.550 level, representing a potential 6.06% downside.
⚠️Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
🔥Follow me for daily updates🔥