$FET Breaking Structure Watch This Closely
Trade Direction: SHORT
Entry Zone: 0.1770 - 0.1785
Stop Loss: 0.1810
Take Profits:
TP1: 0.1745
TP2: 0.1720
TP3: 0.1690-0.1700
Why this setup?
The chart shows clear lower highs and lower lows forming after the earlier spike to 0.183. Price is currently rejecting the 0.180 resistance zone with red candles dominating the recent action. RSI is showing weakening momentum (not overbought but trending down), and we're seeing rejection from the short-term EMA area. Market structure is bearish on this 1D timeframe with no strong bullish reversal candles yet. Volume appears lighter on the upside attempts.
What do you think more downside or will bulls defend 0.174? $FET Trade Here 👇
Trade Direction: SHORT
Entry Zone: 0.1770 - 0.1785
Stop Loss: 0.1810
Take Profits:
TP1: 0.1745
TP2: 0.1720
TP3: 0.1690-0.1700
Why this setup?
The chart shows clear lower highs and lower lows forming after the earlier spike to 0.183. Price is currently rejecting the 0.180 resistance zone with red candles dominating the recent action. RSI is showing weakening momentum (not overbought but trending down), and we're seeing rejection from the short-term EMA area. Market structure is bearish on this 1D timeframe with no strong bullish reversal candles yet. Volume appears lighter on the upside attempts.
What do you think more downside or will bulls defend 0.174? $FET Trade Here 👇