$FET Consolidation at Support - Rebound or Further Decline?
FET is currently trading at $1.520. The chart indicates that FET has experienced a recent decline and is now consolidating around a key support level. Its immediate movement will determine if it can find a floor and attempt a rebound or if bearish momentum will push it to lower levels.
Key Levels to Watch:
Resistance: $1.525 (immediate resistance, just above current price) and $1.530 (stronger resistance from recent highs).
Support: $1.520 (current price, immediate support) and $1.515 (next support below).
Trade Setup - Anticipate a Directional Move!
Bullish Entry: A confirmed move and sustain above $1.525 could target:
Target 1: $1.530
Target 2: $1.535 (approx.)
Bearish Entry: A break below $1.520 could target:
Target 1: $1.515 (approx.)
Target 2: $1.510 (approx.)
FET is consolidating at a key support after a decline. A rebound is possible if support holds, but a breakdown below $1.520 could lead to further losses.