$FET has lost the 0.2 level. There are two possible scenarios next:
① If it rebounds but fails to reclaim 0.2 → the level turns into resistance, with the 24h low at 0.1978 as the next downside target.
② If it quickly reclaims 0.2 → this move looks more like a wick, and short positions could easily get squeezed.
I’m paying closer attention to how the first rebound plays out.
① If it rebounds but fails to reclaim 0.2 → the level turns into resistance, with the 24h low at 0.1978 as the next downside target.
② If it quickly reclaims 0.2 → this move looks more like a wick, and short positions could easily get squeezed.
I’m paying closer attention to how the first rebound plays out.