$FET

/USDT Technical Analysis and Trade Signal🚀🎯

Current Market Overview

Current Price: $1.91

Trend: Bullish

Momentum: Strong (supported by Bollinger Band breakout and price above SAR)

Key Technical Indicators

1. Bollinger Bands:

Price is near the Upper Band ($1.908), signaling strong bullish momentum but nearing potential resistance.

Support lies near the Middle Band ($1.844).

2. Parabolic SAR:

Current SAR at $1.847; price above SAR confirms the bullish trend.

3. Volume:

Strong buying volume with $202.67M in 24-hour USDT trading.

Trade Signal

Signal: Buy on Pullbacks or Breakouts Above $1.92

If price consolidates around $1.90–$1.92, it indicates strength for further upward movement.

Stop-loss: $1.84 (below SAR and Middle Bollinger Band).

Target Levels 🎯

1. Target 1: $1.96 (24-hour high)

2. Target 2: $2.02 (key psychological resistance)

3. Target 3: $2.10 (extension based on recent momentum and Fibonacci projections)

Trade Momentum

Bullish:

Momentum remains strong as long as price sustains above $1.84 (SAR and MB).

Volume suggests market interest, likely driving continuation toward $2.00.

Risk Management

Stop-Loss: $1.84

Risk/Reward: Favorable if targeting $2.02 or $2.10 levels.

Monitor price action at $1.96 to adjust positions (partial profit booking or holding).

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