$FET /USDT: Consolidation Phase, Breakout Potential
Current Price: $1.312
Trade Setup:
• Entry Zone: $1.300–$1.340
• Stop Loss (SL): $1.260
• Take Profit (TP):
• TP1: $1.380
• TP2: $1.440
• TP3: $1.500
Analysis:
$FET is trading within a tight consolidation range, indicating reduced volatility. A breakout above $1.340 could lead to significant upside momentum. Volume spikes and price action near resistance levels should be monitored closely.
Trading Strategy:
Look for a breakout confirmation before entering. Secure partial profits at each target level and adjust your stop loss to breakeven after reaching TP1.