$FET After a strong breakout rally, the market may cool off before the next move. Here’s a potential pullback setup.

Short #FET

Entry: 0.240 – 0.250

Stop Loss: 0.285

TP1: 0.215

TP2: 0.200

TP3: 0.175

Why this setup?

After the aggressive bullish move, Fetch.ai reached the 0.24 resistance region, which is a natural area where profit-taking can happen.

The recent rally moved very quickly from 0.17 to 0.24 without significant pullbacks. Markets often retrace after such parabolic moves to rebalance liquidity.

The 0.24–0.25 zone also sits near the current swing high, meaning price could briefly push higher to trigger breakout traders before reversing.

If rejection occurs here, the price could rotate back toward the 0.21–0.20 support zone, where the previous breakout structure sits.

Debate:

If buyers maintain strong momentum and price holds above 0.25, the bullish continuation scenario becomes more likely and the market could extend higher instead of pulling back.

Trade $FET here 👇 📉