Kalshi vs. Illinois is heating up—and prediction markets are feeling the heat. Regulatory headwinds often create sharp reactions, and this could be a catalyst for downside momentum.
The chart shows buyers trapping at key resistance levels as uncertainty builds around the July 1 law implementation. Volume is drying up near highs, signaling potential exhaustion.
Short $FET now — swing trade
TP: $1.30
SL: $1.70
Because regulatory crackdown risk + technical rejection + volume fade. 👀
#FET #crypto #defi
The chart shows buyers trapping at key resistance levels as uncertainty builds around the July 1 law implementation. Volume is drying up near highs, signaling potential exhaustion.
Short $FET now — swing trade
TP: $1.30
SL: $1.70
Because regulatory crackdown risk + technical rejection + volume fade. 👀
#FET #crypto #defi