#📉 FET (AI): Entry Opportunity or "Falling Knife"? Quick Analysis
The narrative of AI Agents remains strong, but the chart doesn’t lie: on the Daily, $FET continues in a correction trend. This means it’s not the time to buy blindly, but rather to watch the key levels.
🔍 What the 4H Chart tells us now:
The price is stuck in a dangerous range. I identified two critical zones for the next few hours:
1️⃣ Support (The Floor): We are watching 0.2691.
This is the level that the bulls (buyers) need to defend. If we lose this zone with volume, the correction could accelerate. Be cautious with longs here if there’s no confirmation of strength.
2️⃣ Resistance (The Ceiling): The challenge is at 0.2874.
To dream of rises again and reverse the short-term trend, the price needs to break this barrier and turn it into support.
💡 My Educational View:
In downtrends on the daily (1D), touches on resistance (0.2874) are usually exit or short opportunities, while support should be traded with tight stops. Don’t fight against the trend!
And you? Are you waiting for it to touch support to buy, or do you think it will fall further? 👇
