$FET - Rebound from trendline support!
The FET stock has beautifully respected the upward trendline, breaking above it immediately after a sharp decline from the upper parallel channel.
Buyers are re-entering the market, indicating a potential short-term reversal and rise!
The upward trendline is still intact, with buying pressure returning at the key support area.
Watch for a breakout above the $0.745 level to confirm buying strength before expanding.
Keeping the breakout below $0.731 limits the risk, while allowing for a strong risk-to-reward ratio if momentum increases.
🚀 Trade setup:
Entry price: $0.743
Targets:
1: $0.752
2: $0.759
Stop loss: $0.731
Buy and trade here $FET
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