$FET has surged, hinting at a potential uptrend, but it's too early to confirm without a five-wave move up. The third wave needs to hit $1.25-$1.26, with a pullback and a final wave targeting $1.35-$1.43. A drop below 52 cents could undermine the bullish case. The next pullback will be key; if it's corrective, it suggests one more high is likely.
Trading Setup:
- Buy Point (BP): $1.25
- Take Profit (TP): $1.35 - $1.43
- Stop Loss (SL): $1.15
This setup assumes that the third wave reaches the $1.25 level, confirming the uptrend. The TP range targets the potential final wave move, while the SL is set just below the last major support to limit downside risk.
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