$FET: On-Chain Metrics Confirm Strong Whale Accumulation on $FET
LONG SETUP FET
Entry: $0.17410 - $0.17430
Stop Loss: $0.16800
Take Profit: $0.18630 (2R)
Key Levels: Support $0.16890 | Resistance $0.17880
Technical Analysis for $FET: Price sits just above the EMA9 (0.1736) and EMA21 (0.1736) while remaining under the SMA50 (0.1774), indicating a shortterm upward bias. The MACD histogram is positive and the MACD line sits above its signal, adding bullish momentum. Orderbook data shows a modest bidside imbalance (3.2%) with the best bid at 0.1741, supporting the long view.
Market Context: BTC is in a bearish 24hour move and the broader market is broadly negative, which could add pressure, but FETs technicals remain supportive of a modest long swing.
LONG $FET
LONG SETUP FET
Entry: $0.17410 - $0.17430
Stop Loss: $0.16800
Take Profit: $0.18630 (2R)
Key Levels: Support $0.16890 | Resistance $0.17880
Technical Analysis for $FET: Price sits just above the EMA9 (0.1736) and EMA21 (0.1736) while remaining under the SMA50 (0.1774), indicating a shortterm upward bias. The MACD histogram is positive and the MACD line sits above its signal, adding bullish momentum. Orderbook data shows a modest bidside imbalance (3.2%) with the best bid at 0.1741, supporting the long view.
Market Context: BTC is in a bearish 24hour move and the broader market is broadly negative, which could add pressure, but FETs technicals remain supportive of a modest long swing.
LONG $FET
