$FET price drop accompanied by high positions, market logic suggests caution against the risk of major players unloading or long positions being liquidated. Currently, there is no clear support structure in the market, and price action is weak.
🎯 Direction: Stay out of the market
The price is lacking effective buying absorption near the key support level of 0.20, with a drop accompanied by a large number of open contracts, indicating a significant amount of weak positions in the market. Any rebound on the LTF has faced selling pressure, showing that selling pressure persists. It is not advisable to intervene before a clear stop-loss structure or a healthy decrease in open positions appears.
Trade here 👇 $FET
FETUSDT
Perp
0.1853
+2.15%
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