FET USDT LONG TRADE SETUP

FET is currently showing an interesting structure after price moved into a tight consolidation area. The chart is forming a compression between the descending resistance and rising support, and the breakout zone is now very close.

My planned entry is around 0.1620 with 7x leverage.

Entry
0.1620

Stop Loss
0.1531

Targets
Target 1 0.166
Target 2 0.173
Target 3 0.177
Final Target 0.184

The most important thing in this setup is not just entering the trade. We also have to follow proper market rules and risk management.

Our first focus will be the 1:1 risk reward level. Once the first target is achieved and the market gives confirmation, the next focus will be 1:2. After securing profit, we can manage the remaining position for the higher targets instead of taking unnecessary risk.

FET is sitting near an important decision area, so patience is required. A successful breakout and holding above the entry zone could open the way toward 0.173 and 0.177, while 0.184 remains the final target for this setup.

Always manage your position according to market conditions. Take partial profits when targets are reached and protect your capital because following risk management is just as important as finding the right entry.

I will be watching how FET reacts around the entry zone. Let us see if this setup can follow the plan from 1:1 to 1:2 and then continue toward the higher targets.
$FET

‌#GateEventContractTradeSharingChallenge