$FET /USDT:
Let’s Break Down This $FET /USDT Move – Learn While You Earn!
Price: $0.525
24h Gain: +9.60%
24h Low–High: $0.474 – $0.530
Today, FET is showing a strong bullish reversal – let’s analyze:
1. Bollinger Bands (BOLL):
We just bounced off the lower band ($0.501) and pushed above the middle band ($0.512) – a classic sign of momentum shifting bullish.
2. Moving Averages:
The price is hovering just above the 5-period and 10-period MAs, indicating a possible short-term trend reversal if support holds.
3. Volume Spike:
Volume surged to 623K+, confirming buyer interest. Price action with volume is always more reliable.
4. Williams %R Indicator (Wm %R):
Currently at -4.17, signaling we’re in overbought territory, but in strong trends, this can persist. Keep an eye on momentum.
Takeaway:
This is a textbook example of Bollinger Band Reversal with Confirmation by Volume. Perfect case for traders learning about technical setups!
Knowledge is Power — Trade Smart
