Hey Fitpeeps, let’s break down the latest price action of $FET and identify potential trading opportunities! 🚀💬
📈 Chart Overview
Current Price: $1.47 (up +0.07%)
Volume: 602.424K FET — indicates significant market interest.
🔴 Resistance Levels:
Immediate Resistance: $1.48
Next Resistance: $1.50
🟢 Support Levels:
Immediate Support: $1.41
Next Support: $1.40
📊 Volume & Trend Analysis
The chart shows $FET has recently tested the $1.48 resistance but has struggled to maintain upward momentum. A recent price action indicates a potential pullback towards the support at $1.41, where buying pressure might return.
🚀 Key Levels to Watch
Resistance Zone: $1.48 — A decisive move above this level could pave the way for further gains towards $1.50.
Support Zone: $1.41 — Holding above this price is crucial; failing to do so may lead to testing $1.40.
📊 Possible Scenarios
Bullish Scenario: If $FET manages to break above $1.48, it could target the next resistance at $1.50.
Bearish Scenario: A drop below $1.41 could signal a shift to bearish momentum, potentially moving towards $1.40.
💡 Fitpeep's Trading Tips
For Buyers: Consider entering positions around $1.41 if it holds strong, targeting $1.48 as a quick profit point.
For Sellers: Watch the action at $1.41 closely; if it fails, it may be a signal to consider short positions targeting $1.40.
📢 Community Call
What are your thoughts on the potential direction of $FET? Will it break through resistance or test support? Share your insights below!
👉 Stay connected with Fitpeep for more trading tips and market insights! 🔔🚀
