$FET IS TESTING SHORT-TERM SUPPORT AMID HEAVY OVERHEAD SELL PRESSURE 📉
Entry: 0.1645 🔥
Target: 0.1785 🚀
Stop Loss: 0.1622 ⚠️
The current price action for $FET shows a fragile recovery attempt, but significant overhead supply remains a constraint. Large holders are currently underwater from previous positions near 0.197, which creates a natural ceiling for any short-term breakout attempts.
We are looking for a retest of the lower Bollinger Band at 0.1645 to confirm structural support. If volume fails to expand on the move toward the 0.1785 resistance, the bearish trend on the 4H timeframe will likely persist. Do you view this as a base for accumulation or a dead cat bounce?
Not financial advice. Always manage your risk.
#FET #TechnicalAnalysis #CryptoTrading #MarketStructure
🎯
Entry: 0.1645 🔥
Target: 0.1785 🚀
Stop Loss: 0.1622 ⚠️
The current price action for $FET shows a fragile recovery attempt, but significant overhead supply remains a constraint. Large holders are currently underwater from previous positions near 0.197, which creates a natural ceiling for any short-term breakout attempts.
We are looking for a retest of the lower Bollinger Band at 0.1645 to confirm structural support. If volume fails to expand on the move toward the 0.1785 resistance, the bearish trend on the 4H timeframe will likely persist. Do you view this as a base for accumulation or a dead cat bounce?
Not financial advice. Always manage your risk.
#FET #TechnicalAnalysis #CryptoTrading #MarketStructure
🎯