Chartist: Kyle

(For the chart screenshot, click here.)

FET is showing a shift in structure, setting the stage for an upward trend. As a strong AI-related pick, FET appears well-positioned for the next leg up in this bull market. We anticipate one more shakeout below the previous fake low before the trend fully establishes, offering us a prime opportunity to load up for a longer-term position.

• Entry: We’ll look for a pullback into the golden zone at $1.15 to start bidding.

• Target Profit (TP):

  • TP1: $1.70 (52% gain)

  • TP2: $2.00 (78% gain)

  • TP3: $3.20 (177% gain)

• Stop Loss: Daily close below $0.95 (protective SL to mitigate downside risk).

This strategy targets a solid risk/reward ratio, positioning for major upside as FET potentially rides the next wave of AI sector momentum during the bull run. We'll keep a close eye on the golden zone for an ideal entry point in line with risk to reward.

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Disclaimer: All opinions expressed by the publisher, writers, and chartists should not be construed as financial advice and do not necessarily reflect the views of Crypto Banter or The Whale Room. The publisher, writers, and chartists may hold positions in the tokens and assets discussed. Readers are encouraged to do their own research.