$FET is consolidating in a clear descending triangle on the 4H timeframe, with a series of lower highs pressing into a well-defined horizontal support zone. This structure reflects sustained seller pressure, while repeated tests of support suggest weakening demand. As long as $FET remains capped below the descending trendline, the bias stays bearish and momentum favors continuation to the downside.

A confirmed breakdown for #FET comes only with a strong candle close below the support base and acceptance beneath it, which would open the door for a short continuation toward lower levels. If support holds and price reclaims the descending trendline, the bearish setup is invalidated and a deeper corrective bounce could follow. Until then, $FET remains in a breakdown-or-hold decision zone.