Technical analysis by lil_Buuck about Symbol FET: Buy recommendation (3/17/2025)

Looking on the daily timeframe, we've seen a clear downtrend from the $2.24ish highs, with price respecting this descending trendline for months. However, we might be approaching a significant reversal opportunity. If price can close decisively above the trendline, this could trigger a significant rally targeting the $1.00 psychological level first, with potential to reach the $1.05-$1.12 zone. Entry strategy: Stop loss below recent low at $0.46 First target: $1.00 Second target: $1.12