FETUSDT Faces Key Support Amid Bullish Trend: Will It Hold ?

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FETUSDT is experiencing a **strong bullish trend** with the market consistently printing **lower highs (LHs)** and **lower lows (LLs)**. After forming its latest LL, the market is currently in a retracement phase, aligning with the **50% Fibonacci retracement level**, which also serves as a **local support** zone.

The big question now is whether FETUSDT can hold this **key support level**. If the market successfully sustains this **buying confluence**, there is potential for a further downward leg, possibly leading to another **lower low** (LL). However, a hold above support could suggest a shift in momentum.

Conclusion and Advice :

FETUSDT remains in a bullish structure but is at a crucial point. Traders should closely monitor price action around the **50% Fib retracement level**. A breakdown below this could lead to another LL, while holding support might signify a potential reversal.

Advice :

Watch for **confirmation signals** before entering positions. Set stop-losses below the current support to manage risk in case of further retracement. Stay cautious, as the next few moves could determine the continuation or breakdown of this bullish trend.

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