FET has formed a symmetrical triangle on higher time frames, indicating that a breakout is coming and which will help us understand whether bears or bulls will dominate in the near future.
The price is reacting to the weekly SMMA and due to the confluence with some previous supports, the $0.80 level is very strong and can support the price, the RSI is also in the oversold region.
If the price breaks the triangle to the upside with confirmation, I will open a long trade, I think this is the most likely scenario, with the first target at $1.48.
However, be prepared for both scenarios, because if the price breaks the triangle downwards, it is because the downtrend is still strong and it will be a bearish setup.
The price is reacting to the weekly SMMA and due to the confluence with some previous supports, the $0.80 level is very strong and can support the price, the RSI is also in the oversold region.
If the price breaks the triangle to the upside with confirmation, I will open a long trade, I think this is the most likely scenario, with the first target at $1.48.
However, be prepared for both scenarios, because if the price breaks the triangle downwards, it is because the downtrend is still strong and it will be a bearish setup.
交易结束：到达目标
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The Trading Wizard
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。