FET/USDT Chart Analysis and Trade Setup.
FET/USDT has broken out of a descending trendline, confirming bullish momentum.
The consolidation along the trendline suggests a potential continuation toward the target.
The price has reclaimed the moving average (purple line), which now acts as dynamic support, strengthening the bullish case.
Around $1.27 after a successful retest of the breakout level.
Below $1.24 to minimize downside risk.
Take Profit Levels:
TP1: $1.50 (interim resistance)
TP2: $1.62 (major target)
Ensure a steady increase to confirm breakout strength.
Watch for overbought conditions near $1.60.
FET/USDT has strong bullish potential after the breakout. A well-placed stop loss and high reward potential make this a favorable trade setup. Monitor closely for volume and momentum confirmations.
DYOR, NFA
@Peter_CSAdmin
The consolidation along the trendline suggests a potential continuation toward the target.
The price has reclaimed the moving average (purple line), which now acts as dynamic support, strengthening the bullish case.
Around $1.27 after a successful retest of the breakout level.
Below $1.24 to minimize downside risk.
Take Profit Levels:
TP1: $1.50 (interim resistance)
TP2: $1.62 (major target)
Ensure a steady increase to confirm breakout strength.
Watch for overbought conditions near $1.60.
FET/USDT has strong bullish potential after the breakout. A well-placed stop loss and high reward potential make this a favorable trade setup. Monitor closely for volume and momentum confirmations.
DYOR, NFA
@Peter_CSAdmin
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