$FET: Fakeout Confirmed: Bulls Trapped at Local Highs
SHORT SETUP FET
Entry: $0.21750 - $0.21850
Stop Loss: $0.22600
Take Profit: $0.20200 (2R)
Key Levels: Support $0.20380 | Resistance $0.22890
Technical Analysis for $FET: Price is under EMA9 (0.2254), EMA21 (0.2282) and EMA50, confirming a downtrend. RSI 32.2 and Stochastic K 10 show oversold momentum but MACD histogram stays negative. The 1hour resistance at 0.218 provides a short entry. Risk is EMA9 around 0.225; a break above 0.226 invalidates the trade. Target is near 0.202.
Market Context: BTC is down 3.1% on the day, and the broader market is broadly negative, reinforcing bearish bias for altcoins.
SHORT $FET
SHORT SETUP FET
Entry: $0.21750 - $0.21850
Stop Loss: $0.22600
Take Profit: $0.20200 (2R)
Key Levels: Support $0.20380 | Resistance $0.22890
Technical Analysis for $FET: Price is under EMA9 (0.2254), EMA21 (0.2282) and EMA50, confirming a downtrend. RSI 32.2 and Stochastic K 10 show oversold momentum but MACD histogram stays negative. The 1hour resistance at 0.218 provides a short entry. Risk is EMA9 around 0.225; a break above 0.226 invalidates the trade. Target is near 0.202.
Market Context: BTC is down 3.1% on the day, and the broader market is broadly negative, reinforcing bearish bias for altcoins.
SHORT $FET