Mila Rose
--
Bullish
Trade Analysis for $FET
/USDT
Current Price: $2.01 (up 4.58%)
24h High: $2.012
24h Low: $1.776
Key Indicators:
Bollinger Bands (20, 2): The price is near the upper band at 1.976, which suggests it is currently in an overbought territory, but still within range for a potential breakout.
Parabolic SAR (0.02, 0.2): At 1.890, indicating a continuing uptrend.
Volume: 97.74M FET and 185.07M USDT traded in the last 24 hours, showing strong market interest.
Support & Resistance Levels:
Support Level: 1.890 (SAR level), 1.884 (lower Bollinger Band)
Resistance Level: 2.012 (24h high), 2.05 (next key resistance zone)
Trade Strategy with Targets 🎯
1. Entry:
Consider entering near $2.00–$2.01 for a continuation of the uptrend, as the price is showing strength and holding above the SAR support at 1.890.
2. Target 1 🎯:
Price Target: $2.05
The price is approaching a resistance level near $2.012. If it breaks this level, expect it to move towards $2.05, a key psychological resistance level and the next logical price zone for profit-taking.
3. Target 2 🎯:
Price Target: $2.12
This target represents the next significant resistance level based on recent price actions. A breakout above $2.05 could drive the price towards this level.
4. Target 3 🎯:
Price Target: $2.20
A longer-term target if the uptrend continues, extending beyond $2.12. This could be a high-probability level if the overall market sentiment stays positive and FET maintains bullish momentum.
Risk Management:
Stop Loss: Set a stop-loss below $1.88 (around the SAR level) to protect against downside risk. This would limit your losses if the price reverses and breaks the support.
Take Profit: Use trailing stops or manually close positions once the targets are met to lock in profits. Adjust stop-loss levels to secure gains as the price moves upward.
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/USDT
Current Price: $2.01 (up 4.58%)
24h High: $2.012
24h Low: $1.776
Key Indicators:
Bollinger Bands (20, 2): The price is near the upper band at 1.976, which suggests it is currently in an overbought territory, but still within range for a potential breakout.
Parabolic SAR (0.02, 0.2): At 1.890, indicating a continuing uptrend.
Volume: 97.74M FET and 185.07M USDT traded in the last 24 hours, showing strong market interest.
Support & Resistance Levels:
Support Level: 1.890 (SAR level), 1.884 (lower Bollinger Band)
Resistance Level: 2.012 (24h high), 2.05 (next key resistance zone)
Trade Strategy with Targets 🎯
1. Entry:
Consider entering near $2.00–$2.01 for a continuation of the uptrend, as the price is showing strength and holding above the SAR support at 1.890.
2. Target 1 🎯:
Price Target: $2.05
The price is approaching a resistance level near $2.012. If it breaks this level, expect it to move towards $2.05, a key psychological resistance level and the next logical price zone for profit-taking.
3. Target 2 🎯:
Price Target: $2.12
This target represents the next significant resistance level based on recent price actions. A breakout above $2.05 could drive the price towards this level.
4. Target 3 🎯:
Price Target: $2.20
A longer-term target if the uptrend continues, extending beyond $2.12. This could be a high-probability level if the overall market sentiment stays positive and FET maintains bullish momentum.
Risk Management:
Stop Loss: Set a stop-loss below $1.88 (around the SAR level) to protect against downside risk. This would limit your losses if the price reverses and breaks the support.
Take Profit: Use trailing stops or manually close positions once the targets are met to lock in profits. Adjust stop-loss levels to secure gains as the price moves upward.
#Share1BNBDaily
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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