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In the daily timeframe of the FET/USDT chart, weâre witnessing the formation of an inverse head and shoulders pattern. This pattern typically indicates a reversal from a bearish to a bullish trend. Additionally, the Relative Strength Index (RSI) is showing signs of bullish momentum, suggesting increasing buying pressure. The recent price action has also broken through a key support line, further supporting the likelihood of an upward trend.
Given these technical indicators, it appears that FET/USDT is set for a bullish movement in the near future.
Entry: 1.590 or Market Price
Signal Type: Long
Take Profit Levels:
1st TP - 1.850
2nd TP - 2.000
3rd TP - 2.100
4th TP - 2.200
Stop Loss: 1.370
Leverage: 5x - 10x
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