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MyCryptoParadise
Mar 16, 2024 7:13 AM

FET/USDT bullish reversal scenario| πŸš€fetch Today analysisΒ Long

Fetch.AI / TetherUSBinance

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πŸ’Ž Paradisers, let's dive into the latest on FETUSDT. We've spotted it gearing up for a bullish reversal right from the FVG zone. But, there's a twist – it couldn't surpass its previous high, hinting at a possible downward trend. If it manages to keep up the momentum and bounce back from the FVG zone, we're looking at a strong chance for a bullish leap, aiming to overcome the resistance above.

πŸ’Ž Another key observation is the price's stability above the EMA, suggesting that the bullish trend might still have some fuel. However, being the savvy traders we are, we're prepared for all outcomes. If it doesn't climb from the FVG zone, we'll set our sights on the next point of interest beneath the solid support, where we might see a rebound.

πŸ’Ž But, let's trade carefully. If the price dips below our support line, it's time to rethink our strategy – shifting away from long positions. Patience and vigilance are our best allies in trading. Stay tuned for updates, and let's navigate these waters together with the ParadiseTeam.
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