$FET Bottomed At $0.1800? My Take On Next Move
FET is trading at $0.1968 / $0.1969 right now, +4.79% today. 24H High $0.2017 / Low $0.1871 with heavy volume — 332.05M FET / $65.01M USDT. Mark Price $0.1968, Funding 0.00240% — very low, no crowded longs.
Looking at charts:
On 30m / 4H, price bottomed at $0.1782 - $0.1800 exactly where Trendline + Kumo (Ichimoku) test was. That wick down to 0.1782 got bought up instantly and now we are breaking structure to the upside. H1 structure is turning bullish for me after that sweep.
On 1D, context is bigger — we went from $0.1191 bottom to $0.2888 top, then corrected to $0.1671, then ran to $0.2723, and now back to $0.1969. Performance: 30 Days +13.43%, 90 Days +26.40%, but 7 Days still -7.65% and 1 Year -29.00%. So this is still a bear market bounce, not a full trend reversal yet.
Orderflow: Orderbook shows 60.82% longs vs 39.18% shorts — longs slightly dominant but funding neutral, so not a squeeze risk yet. Heavy ask wall around $0.1970 - $0.1973 (44K-75K) but bids stacking at $0.1965 - $0.1966 with 94K+.
Key levels for me:
Support: $0.1800 is THE level. Price looks bottomed at 0.1800 with Trend + Kumo test. Lose it and sharp dump toward $0.1500 could follow — that's my invalidation.
Resistance 1: $0.2050 - $0.2100 — this is the bull trap zone. HTF view is still globally bearish & trap under 0.2050-0.2100. Downtrend breakout could lead to bull correction toward 0.2050-0.2100 first.
Resistance 2: $0.2520 - $0.2550 (Weekly Kumo) — upper key resistance. Only above $0.2100 can we talk about that.
My plan:
No clear direction yet, bulls are still weak under $0.2100. I'm not chasing long at $0.1969 in the middle. Two setups I like — 1) Hold above $0.1960-0.1970 and a 4H close above $0.2017 for long toward $0.2050-0.21, 2) If we sweep $0.1800 and lose it, I'm out and will wait for $0.15. Risk is tight.
Are you seeing this $0.1800 as the bottom for $FET or expecting one more sweep to $0.15?
#FET #EarningsSeason #KoreanRetailLost6.3TrillionWonOnLeveragedETPs
FET is trading at $0.1968 / $0.1969 right now, +4.79% today. 24H High $0.2017 / Low $0.1871 with heavy volume — 332.05M FET / $65.01M USDT. Mark Price $0.1968, Funding 0.00240% — very low, no crowded longs.
Looking at charts:
On 30m / 4H, price bottomed at $0.1782 - $0.1800 exactly where Trendline + Kumo (Ichimoku) test was. That wick down to 0.1782 got bought up instantly and now we are breaking structure to the upside. H1 structure is turning bullish for me after that sweep.
On 1D, context is bigger — we went from $0.1191 bottom to $0.2888 top, then corrected to $0.1671, then ran to $0.2723, and now back to $0.1969. Performance: 30 Days +13.43%, 90 Days +26.40%, but 7 Days still -7.65% and 1 Year -29.00%. So this is still a bear market bounce, not a full trend reversal yet.
Orderflow: Orderbook shows 60.82% longs vs 39.18% shorts — longs slightly dominant but funding neutral, so not a squeeze risk yet. Heavy ask wall around $0.1970 - $0.1973 (44K-75K) but bids stacking at $0.1965 - $0.1966 with 94K+.
Key levels for me:
Support: $0.1800 is THE level. Price looks bottomed at 0.1800 with Trend + Kumo test. Lose it and sharp dump toward $0.1500 could follow — that's my invalidation.
Resistance 1: $0.2050 - $0.2100 — this is the bull trap zone. HTF view is still globally bearish & trap under 0.2050-0.2100. Downtrend breakout could lead to bull correction toward 0.2050-0.2100 first.
Resistance 2: $0.2520 - $0.2550 (Weekly Kumo) — upper key resistance. Only above $0.2100 can we talk about that.
My plan:
No clear direction yet, bulls are still weak under $0.2100. I'm not chasing long at $0.1969 in the middle. Two setups I like — 1) Hold above $0.1960-0.1970 and a 4H close above $0.2017 for long toward $0.2050-0.21, 2) If we sweep $0.1800 and lose it, I'm out and will wait for $0.15. Risk is tight.
Are you seeing this $0.1800 as the bottom for $FET or expecting one more sweep to $0.15?
#FET #EarningsSeason #KoreanRetailLost6.3TrillionWonOnLeveragedETPs