$FET
🚀 Trading Opportunity – FET/USDT 🚀
📍 Ideal Entry Area (Cautious Buy Zone):
0.1770 - 0.1800
*Enter after confirming a bounce from support at 0.1742*
🎯 Profit Targets:
Target 1 (TP1): 0.1855 (EMA21 Resistance on 4H) ✅
Target 2 (TP2): 0.1880 (24-Hour High) ✅
Target 3 (TP3): 0.1970 (EMA50 Resistance on 4H) ✅
⛔ Stop Loss:
0.17
📊 Technical Analysis Supports the Trade (Medium Risk):
• Overall Trend (D1): Bearish - Price is below major moving averages
• Current Wave (4H): Bearish with bounce signals - RSI at 40.06 (close to oversold)
• Execution Signal (H1): Convergence between averages - EMA9, EMA21, and EMA50 are converging
• Indicators: MACD on 4H slightly positive (0.0009) indicating weak downward momentum
⚠️ Important Alerts:
1. Overall trend is bearish - this is a short-term bounce trade
2. Breaking 0.17 invalidates the signal and targets 0.1658
3. Daily volume is relatively low (49.65M) - needs volume confirmation
✨ Summary:
👉 Short-term buying opportunity with potential bounce from support at 0.17 ✅
Targeting 0.1855 - 0.1970
Consolidation setup with signs of weak downward movement - suitable for traders with medium experience
💡 Breaking above 0.1825 supports the bounce idea
📌 Trading is your responsibility - we provide the analysis, you make the decision