FET was one of the major winners of the first few months of 2023, but has been severely lacking over the last months. However, after FET reached daily oversold levels on the RSI recently, it caught my attention.
At the moment I'm seeing a strong bullish divergence on the chart, which could be an indication of a reversal. I'm waiting for the price to close above the 0.266 levels, since it seems like a strong resistance. Once we're above there, we can look for long opportunities.
Risk-averse traders might want to take partial profits at 0.285 and 0.345, or even move the stop to break even at the very least.