$FET Short Liquidation: $1.2706K at $1.54953
A $1,270.6K short position on Fetch.ai (FET) was liquidated at $1.54953, showing strong buying momentum and a bullish push in the market.
Key Details About FET:
Fetch.ai is an AI-focused blockchain platform that enables decentralized machine learning and autonomous economic agents.
It has growing interest due to the increasing adoption of AI in blockchain applications.
The liquidation suggests $FET could see further upward movement if buyers maintain control.
However, a pullback might occur if it faces strong resistance at higher levels.
Support and Resistance Levels:
Support: $1.50
Resistance: $1.60
Recommendation:
If FET holds above $1.50, consider a buy for a short-term target of $1.60.
If it falls below $1.50, wait for price stability before making a move.
$FET AI narrative makes it attractive, but volatility is high.
Trade cautiously with proper risk management.