$FET
Technical Analysis for FET/USDT – New Bullish Opportunities?
Current Price: 0.724
Daily Change Percentage: +5.85%
24-Hour Range: from 0.651 to 0.740
Analytical Overview:
Bounce from 0.345: The coin experienced a strong rise from the low of 0.345 to reach 0.806, then entered a slight healthy correction.
Moving Above the Moving Averages:
EMA7 = 0.693, EMA25 = 0.648, EMA99 = 0.709, reflecting strong bullish momentum.
The price is currently between EMA7 and EMA25, which may signal the formation of a new base for further upward movement.
RSI at 65.09: Approaching the overbought territory, indicating a potential for a slight correction before continuing the upward trend.
MACD: Despite being negative, there is a bullish crossover in the lines suggesting increasing momentum.
Proposed Strategy: "Initial Opportunity for Upward Movement"
Conditional Entry: If the price closes above 0.730 with a strong 1-hour candle.
First Target: 0.760
Second Target: 0.800
Stop Loss: Break below 0.650 with a confirming candle close below this level.
Important Note
Due to the high RSI near 65, it is preferable to wait to ensure the continuity of momentum or a slight correction to re-enter safely.