$FET One of the leaders in the AI sector As long as the AI narrative continues Just a question ah
I. Overall Trend Judgment (Core)
Current Situation: Current price $0.2091, down more than 93% from the historical peak. The K-line has already fallen back to the 'starting line' before the rise at the end of 2023. This means that all gains from the past year have been completely erased, and the market has experienced a full bull-bear transition.
FET's medium-term trend is very weak. It is currently at the tail end of the bubble clearing. Although the price is already very cheap, the overhead selling pressure is significant, and it has just broken through a key platform, leaving market confidence at a freezing point, with no clear signals of a bottom.
II. Key Levels
Resistance Levels:
Short Resistance: $0.30 - $0.35. A slight resistance during the recent downward rebound.
Strong Resistance: $0.50 - $0.60. The bottom of a long-range oscillation platform. Breaking below this point marks the beginning of FET entering the 'abyss'. For a long time in the future, this will be a 'ceiling' that is difficult for bulls to surpass.
Support Levels:
Lifeline: $0.20. The current integer level, also a dense area of chips before the rise. If this level cannot be maintained, FET will completely lose its liquidity support.
Extreme Bottom: $0.10. The bottom of the starting point. If panic continues, the price may test this 'root' position.
III. Trading Volume Signals
Signal: Sharp rise with huge volume, downward spiral with no bottom.
The rise at the beginning of the year was accompanied by massive turnover, while now, as it falls back to around $0.20, although the trading volume occasionally spikes, there is an overall lack of sustained buying support.
Interpretation: Major players retreat. This indicates that the previous bullish forces have completed their selling, and the current decline is due to retail investors stepping on each other or cutting losses to exit.
IV. Operational Strategy
For Holders: Extremely passive.
After falling 93%, only a small amount is left if selling now.
Recommendation: Hold on tightly. As one of the leaders in the AI sector, as long as the AI narrative continues, there is still a chance for recovery in the future, but the time cost is extremely high.
For Those with No Position: Dollar-cost averaging.
Do not heavily invest in bottom-fishing: The trend is extremely poor.
Strategy: Since it has returned to the starting point, you can conduct long-term dollar-cost averaging in the $0.15 - $0.20 range.
Logic: To profit when the next AI boom arrives, the price can recover to $0.50 - $1.00, offering a very high risk-reward ratio.
V. Summary
FET has completed a 'full retracement', and is currently in the 'corpse picking' stage, with extremely high risks, limited to long-term gambling!
