$FET T/USDT Analysis

Fetch.ai (FET) is forming a symmetrical triangle pattern on the 2-day chart,

with price holding near the 100 MA and the triangle’s lower boundary. This hints that the correction phase might be ending,

setting up for a potential bullish breakout!

Key Points:

1. Pattern Insights:

The symmetrical triangle reflects consolidation,

and price is preparing for a decisive move.

2. Support & Resistance Levels:

Immediate support: $0.85 (triangle bottom).

Resistance to break: $1.10 (triangle top).

3. Potential Breakout Targets:

$1.75

$2.20

$3.30

4. Bearish Risks:

If price breaks below $0.85, it may retest $0.70.

5. Volume is Crucial:

Watch for strong volume to confirm a breakout—this validates the move and reduces fake-out risks.

Next Move Suggestions:

Aggressive Traders:

Look for long entries near current levels,

targeting $1.75 with a tight stop-loss below $0.85.

Conservative Traders:

Wait for a breakout above $1.10 with solid volume before entering for a safer trade.

FET is gearing up for its next major move—stay vigilant and manage your risk wisely!

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