$FET Faces Resistance After Brief Rally 🐻
Given the current downtrend and the fact that $FET is below the SMA25, if the support at 0.1597 breaks, $FET could see a further decline towards the lower support levels, making this a potentially profitable short opportunity
Technical check:
✅ SMA7 is below SMA25, indicating a downtrend 📉✅ Last candle is bullish, potentially leading to a short-term bounce ✅ Volume has been flat or falling, indicating a lack of strong conviction…
#MarketAnalysis #CryptoInsights
Given the current downtrend and the fact that $FET is below the SMA25, if the support at 0.1597 breaks, $FET could see a further decline towards the lower support levels, making this a potentially profitable short opportunity
Technical check:
✅ SMA7 is below SMA25, indicating a downtrend 📉✅ Last candle is bullish, potentially leading to a short-term bounce ✅ Volume has been flat or falling, indicating a lack of strong conviction…
#MarketAnalysis #CryptoInsights