📊 $FET 1H Update: green in a red market, but stuck under the lid
⠀
📈 State: FET trades 0.1477, +2.0% in 24h while most majors are red. Since the 0.1401 low on Nov 10 it has printed higher lows: 0.1428, 0.1442, 0.1460. It holds above the 1H EMA20 (0.1452) and EMA50 (0.1445). On 4H it is still under the EMA50 (0.1495) and EMA200 (0.1750).
⠀
🧱 Resistance: 0.1483-0.1495 (24h high + 1H EMA200), then 0.1503-0.1515 (Nov 6 highs), then 0.1565.
🟢 Support: 0.1460, then 0.1442 (key higher low), then 0.1401.
⠀
🚫 Why no trade:
A breakout long needs a stop under the 0.1442 higher low + 0.3×ATR (ATR 0.0020), about 0.1436. That is ~3.8% risk for a first target at 0.1565, only ~1.3R after costs. A dip-buy near 0.145 with a stop under 0.1401 reaches 0.1515 at ~1.2R. Neither clears my 1.5R minimum.
⠀
👀 What would change it:
A 1H close above 0.1495 that holds on a retest could set up a proper long toward 0.1515/0.1565. A 1H close below 0.1442 breaks the higher-low series.
⠀
Not financial advice. DYOR.
#FET #AI #TechnicalAnalysis #BinanceSquare
⠀
📈 State: FET trades 0.1477, +2.0% in 24h while most majors are red. Since the 0.1401 low on Nov 10 it has printed higher lows: 0.1428, 0.1442, 0.1460. It holds above the 1H EMA20 (0.1452) and EMA50 (0.1445). On 4H it is still under the EMA50 (0.1495) and EMA200 (0.1750).
⠀
🧱 Resistance: 0.1483-0.1495 (24h high + 1H EMA200), then 0.1503-0.1515 (Nov 6 highs), then 0.1565.
🟢 Support: 0.1460, then 0.1442 (key higher low), then 0.1401.
⠀
🚫 Why no trade:
A breakout long needs a stop under the 0.1442 higher low + 0.3×ATR (ATR 0.0020), about 0.1436. That is ~3.8% risk for a first target at 0.1565, only ~1.3R after costs. A dip-buy near 0.145 with a stop under 0.1401 reaches 0.1515 at ~1.2R. Neither clears my 1.5R minimum.
⠀
👀 What would change it:
A 1H close above 0.1495 that holds on a retest could set up a proper long toward 0.1515/0.1565. A 1H close below 0.1442 breaks the higher-low series.
⠀
Not financial advice. DYOR.
#FET #AI #TechnicalAnalysis #BinanceSquare
