$FET /USDT Analysis
Symmetrical Triangle Pattern Spotted!
Fetch ($FET ET) is showing a Symmetrical Triangle on the 2-day chart,
signaling a potential big move ahead. The price is hovering near the triangle's bottom and the 100 MA,
suggesting the correction phase may soon end.
Key Levels to Watch
Support: Near the 100 MA and triangle bottom – a critical zone to hold.
Targets:
🎯 TP1: $1.75
🎯 TP2: $2.20
🎯 TP3: $3.30
Bullish Indicators
1. Symmetrical Triangle: A classic pattern indicating a breakout could happen in either direction, but proximity to support favors bulls.
2. MA 100 Support: Acting as a strong defense line; a bounce is likely if this holds.
3. Volume Signals: Look for increasing volume during the breakout for confirmation.
Next Move
Bullish Scenario: If FET bounces off support and breaks upward,
it could move toward the $1.75-$3.30 zone.
Bearish Scenario: Failure to hold the 100 MA could lead to a retest of lower support levels.
Pro Trader Tips
Enter on a confirmed breakout above the triangle's resistance line.
Place a stop-loss slightly below the 100 MA to manage risk.
Watch for Bitcoin's movement—it could influence FET's price action.
This pattern screams potential.
Will FET bounce or break? Stay sharp – big moves are ahead!
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