$FET /USDT Technical Analysis
Current Price: $1.278 (+0.87%)
24H Range: $1.215 - $1.307
Volume: 49.72M FET
Key Insights:
$FET /USDT is consolidating between $1.260 and $1.290, showing indecision but potential for a breakout.
A push above $1.300 could confirm bullish momentum and lead to further upside.
🎯 Targets:
1. Target 1: $1.300
Rationale: Immediate resistance level; achievable with a short-term breakout.
Action: Consider partial profit-taking at this level.
2. Target 2: $1.330
Rationale: Mid-term resistance aligning with the continuation of bullish sentiment.
Action: Hold positions if price consolidates above $1.300.
3. Target 3: $1.360
Rationale: Significant breakout zone with potential for further bullish continuation.
Action: Full profit-taking recommended.
🔑 Strategy:
Stop Loss: Place below $1.250 to manage downside risk.
Indicators to Watch: Monitor RSI for overbought conditions and volume for confirmation of a breakout above $1.300.