⚡⚡$FET /USDT Technical Analysis🔥🤑: Time to Sell? 🥵
⚠️Attention all FET holders!
🟦The current price of FET is $1.593, up 7.78% in the last 24 hours. Our technical analysis suggests a potential🔥 sell opportunity.
🟪Key Takeaways:
🟣Bullish Momentum: FET's price is above the MA60, indicating short-term bullish momentum.
🔴Increased Volume: A noticeable spike in trading volume signals increased interest.
🔵Support and Resistance: Support levels at $1.578 (MA60) and $1.447 (24h low), with resistance at $1.626 (24h high).
✅Trade Plan:
🟪For Long (Buy):
🟦Entry Point: $1.590-$1.593
🟩Take Profit (TP): $1.626 (TP1) and $1.650 (TP2)
⬜Stop Loss (SL): $1.578
🔵For Short (Sell):
🔴Entry Point: Failure to break $1.626 with reversal signs
🔵Take Profit (TP): $1.578 (TP1) and $1.550 (TP2)
🟣Stop Loss (SL): Above $1.626
🟦Additional Notes:
🟩Indicators to Monitor: MACD, RSI
🟩Risk Management: Risk only 1-2% of your trading capital
⬜Stay vigilant, and adjust your strategy according to market conditions!
