$FET Technical Analysis & Trade Setup ๐
FET is currently trading at $0.986, showing a 2.07% increase in the last 24 hours. The price is consolidating near $0.948 support, while resistance stands at $1.119. A rising 50-hour MA hints at bullish momentum, but the 200-hour MA overhead suggests potential rejections at higher levels. The trading volume is rising, indicating growing market interest, while the RSI remains neutral, signaling room for further movement.
๐ Trade Strategy:
๐น Bullish Setup: If FET breaks & closes above $1.03, consider a long position with targets at $1.087 & $1.119 (SL: $0.948).
๐น Bearish Setup: If price drops below $0.948, a short position targeting $0.92 could be viable (SL: $1.03).
With a potential breakout in either direction, staying alert to price action is key! โก๐๐
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