đ» $FET /USDT â Pressure Mounts Below Mid-Bollinger Band
$FET is trading at $0.745, down -6.52%, as it tests key lower range support. Short-term weakness continues, but consolidation at current levels could offer a setup.
đ Market Overview
âą Current Price: $0.745
âą 24h High: $0.800
âą 24h Low: $0.735
âą 24h Volume:
ââą FET: 17.16M
ââą USDT: $13.14M
Bollinger Bands (20,2):
âą Upper Band: $0.786
âą Middle Band (MB): $0.761
âą Lower Band (DN): $0.736
MACD:
âą DIF: -0.010
âą DEA: -0.010
âą MACD: -0.000 (Neutral bearish momentum)
đ Trade Scenarios
Bullish Rebound Setup
âą Entry: $0.750â0.755 range
âą Targets: $0.775, $0.800, $0.835
âą Stop-Loss: $0.732
Bearish Breakdown Setup
âą Entry: Below $0.735
âą Targets: $0.705, $0.675
âą Stop-Loss: $0.755
đ Technical Outlook
âą Price is close to the lower Bollinger Band, signaling potential for a short-term bounce.
âą MACD is flat, indicating weak momentum and possible sideways action.
âą Losing $0.735 could trigger a slide toward $0.70. Bulls must reclaim the middle band ($0.761) to regain strength.
Conclusion:
FET is at a critical inflection. If $0.735 holds, bulls have a chance to recover. If not, further downside is likely. Tight-range traders can monitor for breakout confirmation.
What's your FET move â buy the dip or wait for clarity?
Share your strategy below!
