$FET

📉 FET/USDT Price Analysis: Are We Near a Turning Point? 📈

FET/USDT has taken a sharp dip, trading at $1.41 (-11.21%), with the bears firmly in control. The price recently hit a 24h low of $1.34, a critical support zone, while $1.62 and $1.87 remain key resistance levels to watch. A break below $1.34 could send the pair spiraling toward the major support at $1.17, while a rebound might trigger a retest of $1.62, presenting an opportunity for bullish traders.

🔍 Support and Resistance Explained

Support: Acts as a safety net where buyers step in (e.g., $1.34 and $1.17).

Resistance: Barriers where sellers dominate, halting price climbs ($1.62, $1.87).

📊 Entry Strategy

For bulls, wait for a bounce from $1.34 with confirmation before entering, targeting $1.62.

For bears, a breakdown below $1.34 offers a shorting opportunity with a target near $1.17.

💡 Stay vigilant! Volume and momentum will be the key drivers in breaking these levels. Whether you’re hunting for reversals or trend continuation, risk management is your best friend. Set stop-losses wisely!

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