$FET /USDT – SHORT
Trade Plan
Entry: $0.208 – $0.212
SL: $0.218
TP1: $0.203
TP2: $0.198
TP3: $0.190 (if breakdown expands)
Why This Setup?
4H Structure: Clear downtrend with price trading below MA(99). Consistent lower highs confirm bearish control.
Price Positioning: Price is compressing below MA(7) and MA(25) weak consolidation that often leads to continuation to the downside.
Daily Context: Broader structure remains bearish. Until MA99 is reclaimed, upside moves are likely just relief bounces.
Volume Behavior: No strong buying expansion indicating weak demand and lack of buyer commitment.
As long as $0.218 is not reclaimed, downside continuation remains likely.
Debate:
Is this consolidation before a breakdown…
Or a base forming for reversal?
Trade $FET here 👇
FET
0.2092
+0.19%