$FET — One Year of Consolidation. Accumulation or Distribution? 👀
How do you tell whether a prolonged consolidation is accumulation or distribution?
FET has spent nearly a year trading sideways after a major decline.
Now, something interesting is happening.
🔹 2Sydes Trend has switched BULLISH
🔹 Price is attempting to establish higher lows
🔹 Money Flow remains NEGATIVE
🔹 Price is still BELOW the 200 EMA
So, is smart money accumulating? Possibly. But a sideways market alone doesn't confirm accumulation.
Key levels:
$0.28: A breakout could confirm growing bullish strength.
$0.13–$0.15: Losing this support would weaken the accumulation thesis.
My interpretation? Early signs of potential accumulation, but confirmation is still missing. I'm Holding SPOT!
See what others miss. Trade with intelligence.
#FET #Crypto #TechnicalAnalysis