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๐ FET/USDT Price Action - Prediction and Results! ๐
In recent analysis, I identified a strong potential for a bullish breakout in FET/USDT, and itโs exciting to see the market playing out as anticipated! Hereโs a breakdown of what happened:
Initial Analysis (First Chart):
In the first chart, I highlighted a clear support and resistance structure. FET/USDT was trading within a well-defined range:
Support Zone: This area, where price found repeated buying interest, suggested that buyers were stepping in to defend this level.
Resistance Zone: On the upper side, we had a resistance zone that was consistently rejecting price attempts to break higher.
Additionally, a descending trendline from previous highs indicated a bearish trendline resistance. However, with the price finding consistent support, there were signs of building momentum.
The Prediction:
Based on the structure, I anticipated a potential breakout. Given the support zone's strength and the pattern of higher lows forming near resistance, it looked like FET was gearing up for a rally. The technical indicators and price structure suggested a reversal could be on the horizon, and I posted my analysis predicting this move.
The Result (Second Chart):
As shown in the second chart, the breakout happened exactly as anticipated! FET/USDT broke out from the descending trendline resistance and surged upwards, moving into a strong upward momentum and breaking above the resistance zone. This pump confirmed the bullish reversal we were watching closely.
The move achieved a significant increase, aligning with the levels we had targeted. This 32.42% rally was a great example of the power of technical analysis and the importance of watching key support and resistance zones.
Whatโs Next?
With this pump, FET/USDT may now look to establish new support levels around the previous resistance zone. If it holds this level, we could see further upward momentum, potentially targeting new highs. However, as always, itโs important to keep an eye on volume, momentum indicators, and potential resistance at higher levels.
Stay tuned for more analysis, and remember to manage risk carefully. Predictions and setups like this show how reading charts can be incredibly rewarding. Thank you for following along, and letโs keep analyzing these moves together!
#CryptoAnalysis #FET #PredictionSuccess #TradingStrategy #CryptoPump
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