Pay Attention here Trader's.....🚨$FET Short Setup🚀🔥💯
Entry Range: 0.2090 – 0.2110
Stop Loss: 0.2125
Targets:
TP1: 0.2079
TP2: 0.2055
TP3: 0.2025
Price is clearly ranging with multiple rejections from the upper zone, showing weakness and lack of strong bullish continuation. We are seeing repeated fake breakouts and quick pullbacks, which usually indicates distribution before a move down.
The setup here is to wait for price to tap into the upper resistance area and then look for rejection confirmation. This is not about entering in the middle of the range, patience is key to catch the move from the extremes.
As long as price stays below the resistance zone, downside pressure remains intact and we can expect a move towards lower liquidity levels.
Invalidation comes if price breaks and holds above 0.2125, that would shift momentum and cancel this short setup.