๐ FET has been a significant player in the cryptocurrency market, and its current position is key to its market trajectory. FET is undergoing a retesting phase at a support area, which was previously a key resistance level. If this retesting phase proves to be successful, we can expect FET to bounce off this support and continue its ascent, potentially creating new highs at a strong resistance area.
๐ However, if FET struggles to recover during this retesting phase and fails to show a positive response at the support level, there's a risk it could lose this support or even break below it. Such a scenario would shift FET's direction towards a downward movement, with the Bullish OB area becoming the next critical point.
๐ The Bullish OB area, particularly around $0.465, is pivotal for FET's market direction. For FET to resume its upward trend, itโs essential that it rebounds from this area and reclaims a position above the resistance level.
๐ Failure to bounce from the Bullish OB area or a breakdown below it could signify a shift to a bearish trend, potentially leading FET towards further decline to the demand area or even a stronger demand zone.
๐ However, if FET struggles to recover during this retesting phase and fails to show a positive response at the support level, there's a risk it could lose this support or even break below it. Such a scenario would shift FET's direction towards a downward movement, with the Bullish OB area becoming the next critical point.
๐ The Bullish OB area, particularly around $0.465, is pivotal for FET's market direction. For FET to resume its upward trend, itโs essential that it rebounds from this area and reclaims a position above the resistance level.
๐ Failure to bounce from the Bullish OB area or a breakdown below it could signify a shift to a bearish trend, potentially leading FET towards further decline to the demand area or even a stronger demand zone.
Trade closed: target reached:
Spot on again! #FET has climbed 183.59%!
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๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV