$FET

/USDT: Bullish Reversal or Continued Pullback? ๐Ÿ“‰๐Ÿ“ˆ

Current Price: 1.648 USDT (-4.41% in 24h)

Momentum: Bearish to Neutral

Trade Strategy

Bullish Setup:

Buy: Around 1.640

Targets:

๐ŸŽฏ 1.720 (Resistance level)

๐ŸŽฏ 1.750 (Next key resistance)

Stop-Loss: Below 1.610

Bearish Setup:

Short: If price drops below 1.610

Targets:

๐ŸŽฏ 1.590

๐ŸŽฏ 1.550

Stop-Loss: Above 1.720

Watch Out:

RSI: Watch for a potential reversal if RSI starts moving back up from oversold territory.

MACD: A bullish crossover would signal a possible upward move after recent bearish pressure.

Possibility 1: Bullish Reversal

After a 4.41% pullback, the price could find support at 1.610 and start a bounce toward 1.720 or even 1.750.

Possibility 2: Continued Downtrend

If the price breaks 1.610, a further drop to 1.590 or 1.550 could occur, signaling continued bearish pressure.

Monitor price action closely, and adjust your strategy based on momentum shifts!

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