$FET /USDT Technical Analysis

Current Market Overview:

Price: $1.46 (+5.76%)

24H High/Low: $1.478 / $1.367

Momentum: Bullish (Short-term upside movement)

Indicators:

1. RSI (14): 67 (Approaching overbought zone, strong momentum)

2. MACD: Bullish crossover with increasing histogram bars, signaling upward momentum.

3. Moving Averages (MA):

50 EMA: Below current price, indicating bullish support.

200 EMA: Strong upward trend visible.

4. Support & Resistance:

Support: $1.36, $1.30

Resistance: $1.48, $1.52

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Trade Signal:

Buy Zone: $1.44 - $1.46

Stop Loss: $1.36 (Below key support level)

Targets 🎯:

1. Target 1: $1.48 (Immediate resistance)

2. Target 2: $1.52 (Short-term breakout level)

3. Target 3: $1.58 (Extended bullish momentum)

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Trade Momentum:

Short-Term: Bullish (Strong volume and momentum support)

Mid-Term: Neutral to Bullish (Dependent on breaking $1.48 resistance)

💡 Risk Management: Maintain a risk-reward ratio of at least 1:2. Monitor volume and RSI levels to avoid overbought conditions.

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