#FET
Support/Resistance Levels:
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Resistance Zone: ~$1.00 (round number + previous breakdown point).
Support Zone: ~$0.50 (local bottom before recent rally).
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Moving Averages:
MA(7) = $0.717 (short-term bullish crossover above this level).
MA(25) = $0.919 (currently being retested).
MA(99) = $1.067 (long-term resistance and target for bulls).
Volume:
Volume is increasing along with the price, which confirms strength behind the current rally.
Watch for sustained high green volume bars to confirm a bullish reversal.
Bullish Scenario:
If price holds above $0.92 and breaks $1.00, the next target could be ~$1.50.
Reclaiming $1.067 (MA99) would flip long-term structure bullish again.
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Bearish Scenario:
Failure to hold above $0.92 could result in a retest of $0.70 or even $0.50.
If it breaks below $0.50, continuation of the downtrend is likely.
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Short-term traders: Look for breakouts above $0.94 - $1.00 with tight stop-loss below $0.85.
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Swing traders: Accumulate on pullbacks above $0.70 if structure remains intact.
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Long-term investors: Wait for confirmation above $1.00 and ideally $1.50 before significant entries.
Warning:
High Volatility
DYOR
