$FET /USDT) TRADE SETUP &ANALYSIS

✅ Bullish Scenario

Entry: On a confirmed breakout above 0.906 with volume

Target 1: 0.950

Target 2: 1.00

Stop-loss: Below 0.860

🧠 Technical Analysis #fet.ai

🔹 Market Structure

The price has formed a series of Higher Lows (L) and Higher Highs (H) — indicating a bullish market structure.

The price is holding well above the 0.870 support zone and recently tested resistance near 0.906, which it has not broken decisively yet.

The double rejection near 0.906 forms a minor horizontal resistance.

🔹 Moving Averages

The price is trading above the green EMA line, showing current bullish momentum.

The green EMA is also sloping upward, signaling strength.

🔹 Support Zones

Strong support at 0.870

Major support at 0.740–0.750 zone, where a clear accumulation and reversal took place.

🔹 Resistance Levels

Immediate resistance at 0.906

Psychological resistance at 1.00 (round number & prior peak)

⚠️ Bearish Scenario

Entry: If price rejects 0.906 again and closes below 0.870

Target: 0.830–0.800 zone

Stop-loss: Above 0.906

📌 Conclusion

Momentum is bullish but nearing short-term resistance.

Best strategy: Wait for breakout above 0.906 or a retest of 0.870 support for a better risk-reward entry.

Trade $FET