$FET Heads-up guys, A Chance for Good Gains
FET has just powered above its 99-hour moving average near 0.746 and is currently cruising around 0.819, buoyed by a fresh MACD crossover and rising short-term MAs. This setup could pave the way for a sharp rally if the bulls stay in control.
Support Levels
0.794–0.800: Tight 7-hour MA zone acting as the first line of defense.
0.775–0.780: Area around the 25-hour MA, a softer cushion on deeper pullbacks.
Resistance Levels
0.821–0.825: Immediate ceiling where sellers have stepped in today.
0.840–0.850: Psychological zone that may cap a standard bounce.
Trade Setup & Targets
Ideal Buy Zone: 0.780–0.795 (a pullback into the 7-MA for a lower-risk entry).
Primary Sell Zone: 0.825–0.840 (likely profit-taking as momentum cools).
Extended Sell Zone: 0.850–0.870 (requires sustained bullish conviction and volume to clear the psychological hurdle).
Stop-Loss: 0.760 (just below the 99-hour MA to limit downside).
Watch for RSI to settle off its 89 peak—if it holds above 0.794 support and reclaims 0.825, a push into the mid-0.80s becomes very attainable.
DYOR and Inshaallah we will achieve our Targets.
