đĽ $FET Short Liquidation Alert! đĽ
A whopping $6.59K in $FET shorts just got liquidated at $1.4896! The bulls are charging forward, forcing bears to retreat. Is this the start of a breakout, or a trap? Letâs map out the action and plan your next move.
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đ $FET Trading Plan
1. đ Current Price: $1.4896 (Liquidation Zone).
2. â Buy Zone:
Safe Entry: $1.470 - $1.485 (Key support zone).
Momentum Entry: Above $1.495 if volume surges.
3. đŻ Target Levels:
Short-term Target: $1.520 (Local resistance).
Mid-term Target: $1.580 (Major breakout level).
4. đ¨ Stop Loss: Set your stop loss at $1.450 to protect against potential downside risks.
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Whatâs Next for $FET?
Bullish Scenario: If FET holds above $1.485 and builds momentum, it could break through $1.520, paving the way for a potential rally to $1.580.
Bearish Scenario: If the price drops below $1.470, we could see a retest of $1.450, indicating possible weakness in the trend.
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Key Notes
Monitor volume levelsâa breakout above $1.495 with strong volume confirms bullish strength.
Stay alert for whale movements or market news that could influence momentum.
đĄ Pro Tip: Stick to your trading plan, and donât overextend your position. Risk management is the key to consistent success in crypto trading.
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đ Will FET bulls charge toward $1.580, or will the bears strike back? The next move could be decisive! Stay sharp!
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