📉 FET just dropped 9.6% and 4h RSI hit 32.2 — knocking on oversold territory. AI sector gem or falling knife?

Here's what the chart says:

📊 Current State:
• Price: $0.147
• 4h RSI: 32.2 — almost oversold (30 is the line)
• Trend: strong downtrend (price below all SMAs)
• Volume: $12.9M (0.70x — declining, no panic)
• L/S Ratio: 2.0 — longs outnumber shorts 2:1

🧠 The Contrarian Play:
RSI near 32 on declining volume = sellers running out of steam, not piling on. The daily RSI at 48.2 is neutral — not in free-fall territory.

But here's what concerns me: price ($0.147) is below SMA99 ($0.174) on the daily. That's long-term bearish. This could be a dead-cat bounce setup, not a reversal.

📋 Trade Plan:
• Entry: $0.145 – $0.149 (small position, scaling in)
• Stop Loss: $0.141 (tight — invalidation below recent low)
• TP1: $0.153 | TP2: $0.159
• Risk/Reward: 1.0R

The AI narrative is strong long-term, but short-term, respect the downtrend.

🤔 Is FET a buy-the-dip play or is the AI hype cooling off? Drop your thesis.

#FET #AI #DYOR

⚠️ Disclaimer: Personal analysis, not financial advice. Crypto is volatile — always manage risk and do your own research.