$FET /USDT Perpetual Trading Analysis
📌 Current Price: $0.5130 (-5.21%)
📊 24h High/Low: $0.5547 / $0.5069
📉 24h Volume: 91.81M FET / 49.15M USDT
📌 Mark Price: $0.5133
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📊 Market Insights
🔻 Down by -5.21%, indicating recent selling pressure.
Testing key support near $0.5070.
MA Indicators show a bearish trend:
MA(7): $0.5114 (Short-term trend)
MA(25): $0.5138 (Immediate resistance)
MA(99): $0.5374 (Long-term resistance)
Resistance Levels:
$0.5150 - Immediate resistance (Break above can trigger short-term upside)
$0.5255 - Strong resistance (Needs to hold for bullish continuation)
$0.5360 - Major resistance (Above this, a trend reversal is possible)
Support Levels:
$0.5069 - Key support (If broken, price may drop further)
$0.5045 - Critical support (Break below could push to $0.4900)
$0.4800 - Major support (Extreme bearish scenario)
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📈 Potential Trading Strategies
🟢 Buy on Dip (If Support Holds at $0.507 - $0.504)
Entry: $0.505 - $0.510
Target: $0.520 - $0.530
Stop-Loss: $0.498
🔻 Short Trade (If Price Fails to Break $0.525 Resistance)
Entry: $0.520 - $0.525
Target: $0.510 - $0.500
Stop-Loss: $0.530
🚀 Long Trade (If Price Reclaims $0.537 Above MA(99))
Entry: $0.540 - $0.545
Target: $0.560 - $0.580
Stop-Loss: $0.530
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⚠️ Risk Warning
If price drops below $0.504, expect further downside to $0.490 or lower.
If price reclaims $0.525, it could signal a short-term recovery.
Use stop-loss to manage risks in this volatile market.
Would you like a momentum analysis (RSI/MACD) for confirmation?
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