Currently, the price of FET is fluctuating around 0.6290 USD, with a daily range from 0.5955 USD to 0.6429 USD.
🔍 Short-term technical analysis
Important support and resistance levels:
Support:
S1: 0.5995 USD
S2: 0.5607 USD
S3: 0.5413 USD
CoinCodex
Resistance:
R1: 0.6578 USD
R2: 0.6772 USD
R3: 0.7160 USD
Investing.com
+2
CoinCodex
+2
CoinLore
+2
Technical signals:
RSI indicator: In an upward trend, indicating that bullish momentum is still present.
Trading volume: Decreased by 40% in the last 24 hours, reflecting investor caution.
CoinGecko
✅ Suggested trading strategy
1. Short-term trading (swing trading):
Buying point: When the price adjusts to the strong support area around 0.5995 USD.
Profit target: At resistance levels of 0.6578 USD and 0.6772 USD.
Stop loss: If the price drops below 0.5607 USD, consider cutting losses to limit risk.
2. Medium-term trading:
Buying point: If the price breaks through the resistance level of 0.6578 USD with increased trading volume, consider buying in.
Profit target: Aiming for the next resistance levels at 0.6772 USD and 0.7160 USD.
Stop loss: If the price reverses and breaks below the support level of 0.5995 USD, consider cutting losses.
📅 Note on trading timing
Effective trading hours: 07:00 – 09:00 and 14:00 – 17:00 (Vietnam time), when the market has high liquidity and clear volatility.
