$FET technical analysis of the last 3 days

Resistance Zones:

$1.30-$1.50: Recent price action indicates that FET has faced resistance in this range, with bears exerting pressure near $1.30.

$2.00-$2.50: Historically, this zone has acted as a significant resistance, where the price has previously reversed sharply.

Support Zones:

$1.05-$1.20: This range has served as a strong support region, with the price rebounding multiple times from this area.

Below $1.05: Historical support exists near $0.70-$0.90, which could be tested if the price breaks below the $1.05 level.

Trend Analysis:

Moving Averages: The price is currently below key moving averages, indicating potential short-term weakness.

Volume: Declining volume suggests reduced momentum, signaling potential consolidation.

Price Prediction for Entry and Exit:

Entry Points:

Conservative Entry: Near $1.05-$1.10, aligning with the major support level.

Aggressive Entry: If the price reclaims $1.30-$1.35, confirming a bounce and upward momentum.

Exit Points:

Short-Term Targets:

First target: $1.50-$1.55, the immediate resistance.

Second target: $1.70-$1.80, the upper resistance.

Long-Term Target: If the price breaks $1.80, aim for $2.00-$2.50.

Stop-Loss:

Place the stop-loss just below $1.00, as a break below this level could lead to a sharp drop.