$FET /USDT – Short Setup
The broader structure on the daily and 4-hour timeframes remains decisively bearish, with price trading under all major EMAs. The 1-hour chart has shown a small relief bounce, but that move is losing strength as price hovers around the EMA50. A clean rejection here would offer an ideal short opportunity.
The confirmation trigger is a breakdown back below the 1h EMA50 at 0.2391, accompanied by the 15m RSI slipping under 50. That shift would signal the bounce is fading and the higher-timeframe downtrend is ready to resume.
Current Short Plan
Entry: Market between 0.238106 – 0.240094
Take Profit 1: 0.235123
Take Profit 2: 0.231146
Take Profit 3: 0.227169
Stop Loss: 0.243077
