FET/USDT — Symmetrical Triangle: Ready for Breakout or Breakdown
Summary
The FET/USDT (1D) chart is forming a symmetrical triangle — a consolidation pattern where descending highs and ascending lows converge. Price is trading around 0.7020 inside a tight range, with volatility shrinking as it approaches the apex. Major resistance levels are 0.9089, 1.2319, 1.6173, 2.2200, while the key support lies at 0.3444.
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Pattern Explanation
Pattern Name: Symmetrical Triangle.
Nature: Neutral; direction depends on breakout confirmation.
Context: Formed after a strong downtrend (Dec–Apr) followed by higher lows since April, suggesting possible accumulation.
Key Point: Breakout/breakdown probability increases as the price nears the apex. Always confirm with volume.
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Measured Move Projection
Triangle height: 2.2200 – 0.3444 = 1.8756.
Breakout projection from ~0.7020 = 2.5776 (long-term measured move target).
Realistically, price will face major resistances first: 0.9089 → 1.2319 → 1.6173 → 2.2200.
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Bullish Scenario
Confirmation:
Daily close above descending trendline and ideally 0.9089.
Volume expansion above average.
Retest of breakout zone turning into support.
Targets:
Conservative 1: 0.9089.
Conservative 2: 1.2319.
Aggressive: 1.6173 → 2.2200 → measured move ~2.58.
Trading idea:
Aggressive: enter on breakout with stop loss below breakout candle (~<0.65).
Conservative: wait for breakout + retest above 0.9089, enter on retest.
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Bearish Scenario
Confirmation:
Daily close below ascending trendline.
Volume spike on sell-side.
Retest failure of broken support as resistance.
Targets:
Initial target: 0.3444.
Extended bearish levels: 0.30 → 0.20 if momentum accelerates.
Trading idea:
Short on retest after breakdown or enter on close confirmation.
Stop loss above retest level (e.g. >0.75 if breakdown occurs around 0.70).
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Key Notes / Risk Management
Watch volume for confirmation, avoid fakeouts.
Confluence with indicators: RSI, MACD, MA 50/200.
Manage risk: use stop loss, avoid overexposure (1–3% per trade).
Keep an eye on fundamentals or project-related news that could trigger sudden volatility.
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FET/USDT — forming a Symmetrical Triangle near the apex. A breakout above 0.9089 with strong volume could target 1.23 / 1.62 (ext. 2.22 → measured ~2.58). Breakdown below the rising support risks a drop toward 0.344. Always wait for confirmation and manage risk.
#FETUSDT #FET #CryptoAnalysis #TrianglePattern #Breakout #AltcoinAnalysis #SupportResistance #CryptoTrading #TechnicalAnalysis
The FET/USDT (1D) chart is forming a symmetrical triangle — a consolidation pattern where descending highs and ascending lows converge. Price is trading around 0.7020 inside a tight range, with volatility shrinking as it approaches the apex. Major resistance levels are 0.9089, 1.2319, 1.6173, 2.2200, while the key support lies at 0.3444.
---
Pattern Explanation
Pattern Name: Symmetrical Triangle.
Nature: Neutral; direction depends on breakout confirmation.
Context: Formed after a strong downtrend (Dec–Apr) followed by higher lows since April, suggesting possible accumulation.
Key Point: Breakout/breakdown probability increases as the price nears the apex. Always confirm with volume.
---
Measured Move Projection
Triangle height: 2.2200 – 0.3444 = 1.8756.
Breakout projection from ~0.7020 = 2.5776 (long-term measured move target).
Realistically, price will face major resistances first: 0.9089 → 1.2319 → 1.6173 → 2.2200.
---
Bullish Scenario
Confirmation:
Daily close above descending trendline and ideally 0.9089.
Volume expansion above average.
Retest of breakout zone turning into support.
Targets:
Conservative 1: 0.9089.
Conservative 2: 1.2319.
Aggressive: 1.6173 → 2.2200 → measured move ~2.58.
Trading idea:
Aggressive: enter on breakout with stop loss below breakout candle (~<0.65).
Conservative: wait for breakout + retest above 0.9089, enter on retest.
---
Bearish Scenario
Confirmation:
Daily close below ascending trendline.
Volume spike on sell-side.
Retest failure of broken support as resistance.
Targets:
Initial target: 0.3444.
Extended bearish levels: 0.30 → 0.20 if momentum accelerates.
Trading idea:
Short on retest after breakdown or enter on close confirmation.
Stop loss above retest level (e.g. >0.75 if breakdown occurs around 0.70).
---
Key Notes / Risk Management
Watch volume for confirmation, avoid fakeouts.
Confluence with indicators: RSI, MACD, MA 50/200.
Manage risk: use stop loss, avoid overexposure (1–3% per trade).
Keep an eye on fundamentals or project-related news that could trigger sudden volatility.
---
FET/USDT — forming a Symmetrical Triangle near the apex. A breakout above 0.9089 with strong volume could target 1.23 / 1.62 (ext. 2.22 → measured ~2.58). Breakdown below the rising support risks a drop toward 0.344. Always wait for confirmation and manage risk.
#FETUSDT #FET #CryptoAnalysis #TrianglePattern #Breakout #AltcoinAnalysis #SupportResistance #CryptoTrading #TechnicalAnalysis
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✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.