$FET /USDT Analysis

Current Price: $1.632

24H High: $1.753

24H Low: $1.456

24H Volume (FET): 164.71M

24H Volume (USDT): 267.89M

Pattern Analysis:

The chart shows a bullish trend with a potential flag pattern forming. The price has retraced after a strong uptrend, consolidating within a narrow range. This suggests a potential continuation of the uptrend.

Trade Ideas:

Long Trade:

* Entry: $1.583 (Flag support)

* Target: $1.780 (Flag resistance)

* Stop Loss: $1.188 (Below recent swing low)

Short Trade:

* Entry: $1.753 (Flag resistance)

* Target: $1.583 (Flag support)

* Stop Loss: $1.780 (Above recent swing high)

Leverage:

* Long: 2x-3x

* Short: 1x-2x

Market Outlook:

The bullish flag pattern indicates a potential continuation of the uptrend. However, if the price breaks below the flag support, it could signal a bearish reversal.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please do your own research before making any trading decisions.

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