🟢🚀 Trading Signal for $FET /USDT

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➖ Symbol: FET/USDT
➖ Time Frame: 12h

➖ Current Price: $1.20 - $1.25
➖ Support Area: $1.05 - $1.10
🚧 Resistance Levels:
➖ First Target: $1.58
➖ Second Target: $1.85

➡️🔍 Analysis:
➡️ The price is currently in a consolidation phase within the support area, indicating potential for an upward breakout. The Relative Strength Index (RSI) is showing bullish momentum, suggesting a possible trend reversal.

📊 Key Levels to Watch:
➖ Buy Zone: Around the current price of $1.20 - $1.25, with a stop-loss just below $1.05 to protect against any false breakouts.
➖ Targets: First target at $1.58, with potential extensions to $1.85 if the upward momentum continues.

⚠️ Risk Management:
➖ Stop-Loss: $1.05 (Below the support area)
➖ Risk-Reward Ratio: 1:3 (Based on the first target level)

🧠 Strategy:
Consider entering a long position now or on any pullbacks to the Support Area. Adjust position size according to your risk tolerance, and trail the stop-loss as the price approaches the resistance levels.

⚠️Disclaimer:

This analysis is for informational purposes only and should not be considered as investment advice.

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