🚀 FET/USDT Urgent Update 🚀
FET/USDT Chart Analysis - 1D 📊
$FET is showing strong bullish momentum, currently in an uptrend and forming higher highs (HHs) and higher lows (HLs). It's trading above the 200EMA, indicating long-term bullishness. After a recent correction, the price found support above the 200EMA and has now broken out of the trendline.
Step-by-Step Trade Plan 📝
1. Trend Confirmation: .Ensure the price is maintaining higher highs (HHs) and higher lows (HLs) above the 200EMA. 📈
2. Correction and Support:
Confirm the recent correction has held above the 200EMA, solidifying it as a support level. 🔄
3. Breakout Observation:
Identify the breakout from the trendline, indicating potential continuation of the bullish momentum. 🔓
4. Entry Point:
Enter a long position once the price breaks the $2.70 level. This level acts as a confirmation of the breakout and momentum continuation. 🚪
-Entry: $2.70 📥
5.Target Level:
Set the target at $4.20, where the price is expected to test the previous swing high. 🎯
Target: $4.20 🎯
6. Stop-Loss (SL):
Protect your position by placing a stop-loss at $1.82 to manage risk in case the trend reverses. 🛑
Stop-Loss: $1.82 🚫
Summary 📝
Entry: $2.70 📥
Target: $4.20 🎯
Stop-Loss: $1.82 🚫
Keep a close watch on the price action and follow this step-by-step plan to maximize your trading potential with $FET. Happy trading! 📈💼