🚀 $FET /USD ANALYSIS: TRADING AT $1.391—BREAKOUT OR RETRACEMENT AHEAD? 🚀📈

The $FET /USD pair is currently priced at $1.391, showing signs of strong support near current levels. As the market consolidates, traders are awaiting confirmation of a breakout or potential pullback. Let’s break down the key levels and trade setups to watch for in the coming sessions.

📈 Market Conditions:

$FET/USD has ranged between a 24-hour high of $1.410 and a low of $1.370. The price is holding above strong support at $1.380, while resistance is located at $1.400. The market sentiment is cautiously bullish, with price action indicating a potential continuation or a short-term pullback.

📊 High Probability Trade Scenarios:

Bullish Scenario: A breakout above $1.400 could drive the price towards the next resistance at $1.430.

Take Profit (TP): $1.430

Stop Loss (SL): $1.375

Bearish Scenario: If the price fails to maintain above $1.380, it could retest $1.370 support.

Take Profit (TP): $1.370

Stop Loss (SL): $1.400

🔑 Key Levels to Watch:

Resistance: $1.400, $1.430

Support: $1.380, $1.370

📈 Market Outlook:

$FET/USD is consolidating near key levels. A breakout above $1.400 could signal a bullish continuation, while failure to hold support at $1.380 may result in a short-term pullback. Monitor volume and price action for confirmation of the next potential move.

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