$FET /USDT Technical Analysis and Trade Signals

Current Price: $1.900

24h Range: $1.792 - $1.907

Analysis

Support Levels:

Primary Support: $1.792 (recent 24h low)

Secondary Support: $1.750 (previous consolidation zone)

Resistance Levels:

Immediate Resistance: $1.907 (24h high)

Major Resistance: $1.961 (psychological level and previous rejection zone)

Momentum Indicators:

RSI: Neutral, near 50—indicating no strong overbought/oversold conditions.

MACD: Bullish crossover on the 4H chart, suggesting upward momentum.

Volume: High at $157.17M, signaling active market participation.

Trade Momentum: Bullish to Neutral

FET is showing signs of a potential breakout, provided it holds above $1.85.

Strong buying interest observed near $1.80-$1.85, supporting bullish momentum.

Trade Signal

Long Trade Setup:

Entry Point: $1.850 - $1.900

Targets:

1. 🎯 Target 1: $1.930 (Initial breakout level)

2. 🎯 Target 2: $1.960 (Major resistance zone)

3. 🎯 Target 3: $2.000 (Psychological level, potential continuation zone)

Stop Loss: $1.780 (below key support zone)

Short Trade Setup:

If FET fails to hold $1.850, consider a short trade:

Entry Point: Below $1.840

Targets:

1. $1.800 (Primary support)

2. $1.750 (Secondary support)

Stop Loss: $1.900

Risk Management:

Allocate 1-2% of your capital per trade.

Adjust positions according to market volatility.

Stay cautious and monitor global crypto market trends for better decision-making.

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