๐ FETโS RECOVERY STARTS WITH ONE CRITICAL BREAKOUT
$FET is attempting to build a weekly base after a prolonged sequence of lower highs and lower lows.
The first confirmation sits at $0.28โ$0.32. A weekly close above this zone, followed by a successful retest, would strengthen the case for a local structure shift.
Using the approximate $0.12โ$0.28 recovery, Fibonacci support sits near $0.219, $0.200 and $0.181.
Holding this area could allow $FET to establish a higher low before another breakout attempt.
Above $0.32, the $0.324 and $0.379 extensions lead into the next supply zone around $0.38โ$0.45.
The larger recovery requires $0.7939 to become support. Clearing that level would bring $2.2037 back into focus, with $3.4744 as the extended historical reference.
That full recovery represents approximately 1,362% from the chartโs $0.2377 price. The green path is conditional and requires confirmation at each resistance.
Losing $0.18 would weaken the recovery. A sustained break below approximately $0.12 would invalidate the local base.
Can $FET finally replace lower highs with a confirmed higher high and higher low?
$FET is attempting to build a weekly base after a prolonged sequence of lower highs and lower lows.
The first confirmation sits at $0.28โ$0.32. A weekly close above this zone, followed by a successful retest, would strengthen the case for a local structure shift.
Using the approximate $0.12โ$0.28 recovery, Fibonacci support sits near $0.219, $0.200 and $0.181.
Holding this area could allow $FET to establish a higher low before another breakout attempt.
Above $0.32, the $0.324 and $0.379 extensions lead into the next supply zone around $0.38โ$0.45.
The larger recovery requires $0.7939 to become support. Clearing that level would bring $2.2037 back into focus, with $3.4744 as the extended historical reference.
That full recovery represents approximately 1,362% from the chartโs $0.2377 price. The green path is conditional and requires confirmation at each resistance.
Losing $0.18 would weaken the recovery. A sustained break below approximately $0.12 would invalidate the local base.
Can $FET finally replace lower highs with a confirmed higher high and higher low?