$FET /USDT Chart Analysis & Trade Setup
Pattern Observed:
Inverse Head & Shoulders (Bullish Reversal Pattern)
Key Levels:
Neckline Breakout Zone: ~$0.782
Support Levels: $0.760 and $0.700
Resistance Zone: ~$0.90 (previous swing high)
RSI Support: Strong bullish divergence on RSI from $0.64 zone
Setup Insight:
#Fetch_ai /USDT shows a clean inverse head and shoulders setup, suggesting bullish momentum ahead. Price has just broken above the neckline (~$0.782), confirming a potential breakout. Sustaining above this level could lead to a rally toward the $0.90-$0.95 zone.
Trade Idea:
Entry: On successful retest of the $0.78-$0.76 neckline zone
Target 1: $0.84
Target 2: $0.90+
Stop Loss: Below $0.74 (invalidate the setup)
Bias: Bullish
Watch for volume confirmation and a strong 4H close above neckline.
Trade here $FET