FET/USDT has broken out of a descending trendline, confirming bullish momentum.

The consolidation along the trendline suggests a potential continuation toward the target.

The price has reclaimed the moving average (purple line), which now acts as dynamic support, strengthening the bullish case.

 Around $1.27 after a successful retest of the breakout level.

Below $1.24 to minimize downside risk.

Take Profit Levels:

TP1: $1.50 (interim resistance)

TP2: $1.62 (major target)

Ensure a steady increase to confirm breakout strength.

 Watch for overbought conditions near $1.60.

FET/USDT has strong bullish potential after the breakout. A well-placed stop loss and high reward potential make this a favorable trade setup. Monitor closely for volume and momentum confirmations.

DYOR, NFA

@Peter_CSAdmin

https://www.tradingview.com/chart/FETUSDT.P/aFIwogRt-FET-USDT-Chart-Analysis-and-Trade-Setup/