Dear Family;
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- The market structure has been generally bullish, with FET experiencing a bullish breakout above $3.
- Despite some bearish movements in altcoins, FET has been closely following Bitcoin's movements and holding up relatively well.
- FET's technical structure remains bullish, characterized by a bullish channel, but there are concerns about its ability to hold due to a lack of momentum.
- A bearish breakout has been confirmed on the 1-hour time frame for FET, indicating a potential slowdown.
- The next price target for FET is estimated to be around $3.75 or $4, depending on the momentum in the market.
- The speaker anticipates a pullback to $3.10, where FET could find support and consolidate before attempting to move up towards the $3.75 target.
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