$FET Based on the FET/USDT chart on the 3-day timeframe:
Resistance Zones:
$1.50-$1.70: Price consistently faced rejection in this area during recent attempts.
$2.50-$3.00: Long-term resistance where the price reversed sharply.
Support Zones:
$1.05-$1.30: This is a strong support region, as the price has bounced multiple times from this range.
Below $1.05, historical support exists near $0.70-$0.90.
Trend Analysis:
The price recently broke below the moving averages, indicating potential short-term weakness.
Declining volume indicates reduced momentum.
Volume Oscillator: Shows declining interest, signaling potential consolidation.
Moving Averages: The price is testing lower support levels near the 200-day moving average.
Price Prediction for Entry and Exit:
Entry Points:
Conservative Entry: Near $1.05-$1.10, as this is a major support level.
Aggressive Entry: If the price reclaims $1.35-$1.40, confirming a bounce and upward momentum.
Exit Points:
Short-Term Targets:
First target: $1.50-$1.55, the immediate resistance.
Second target: $1.70-$1.80, the upper resistance.
Long-Term Target: If the price breaks $1.80, aim for $2.50-$3.00.
Stop-Loss:
Place the stop-loss just below $1.00, as a break below this level could lead to a sharp drop.
As always DYOR