$FET Bulls trap at the 4-hour top and the RSI is screaming 89 โ an imminent coordinated exit ๐ด
$FET /USDT โ SHORT ๐ด
Trading plan:
Entry: 0.173 โ 0.175891
Stop loss: 0.177535
Target 1: 0.159991
Target 2: 0.149872
Target 3: 0.139754
Why this setup?
RSI at 89.23 on the 4-hour timeframe โ historical overbought
Long/Short ratio 1.63 with 62% buy positions โ liquidity trap for the bulls
Macro extremes happened and BTC is above the EMA200 โ a healthy alternative correction
Will we see a correction to 0.14, or will momentum extend to test 0.18?
$FET
This content is not investment advice; do your own research (DYOR)
$FET /USDT โ SHORT ๐ด
Trading plan:
Entry: 0.173 โ 0.175891
Stop loss: 0.177535
Target 1: 0.159991
Target 2: 0.149872
Target 3: 0.139754
Why this setup?
RSI at 89.23 on the 4-hour timeframe โ historical overbought
Long/Short ratio 1.63 with 62% buy positions โ liquidity trap for the bulls
Macro extremes happened and BTC is above the EMA200 โ a healthy alternative correction
Will we see a correction to 0.14, or will momentum extend to test 0.18?
$FET
This content is not investment advice; do your own research (DYOR)