$FET /USDT Long Setup - Clean Uptrend Continuation
Current Situation:
$FET at $0.6786 showing strong bullish momentum with price well above EMA and maintaining upward trajectory. Clean trend structure with consistent higher highs formation.
Long Position Strategy:
Entry Zones:
Primary Entry: $0.6770 - $0.6790 (Current consolidation zone)
Add Position: $0.6750 - $0.6770 (EMA support retest)
Take Profit Levels:
TP1: $0.6820 (Immediate resistance - 1% gain)
TP2: $0.6860 (Key resistance level - 2.5% gain)
TP3: $0.6920 (Extended target - 4% gain)
Stop Loss: $0.6720 (Below EMA support)
Long Thesis:
Strong Uptrend: Consistent higher highs and higher lows pattern
EMA Support: Price respecting moving average as dynamic support
Volume Profile: Healthy volume supporting the upward moves
Momentum: Bullish momentum remains intact
Risk/Reward: Solid 1:3 ratio setup
Key Levels:
Support: $0.6770, $0.6750, $0.6720
Resistance: $0.6820, $0.6860, $0.6920
Risk Management:
Position Size: 1-2% of portfolio
Profit Taking: Scale out at each target level
Trail Stop: Move to breakeven once TP1 achieved
Timeline: 2-6 hours for initial targets
Trend continuation play with clear technical structure.
#FET #LongSetup #TrendContinuation
Trade Now Here $FET
