š $FET ā Bearish Short Setup | Weak Recovery Puts Support at Risk
SHORT š“
FET is struggling to regain upward momentum, and a rejection around the current trading range could give sellers an opportunity to push the price toward lower support levels. Bearish confirmation is important before expecting further downside.
š Entry Zone: $0.197 ā $0.203
š Stop Loss (SL): $0.216
šÆ Take Profit Targets:
- TP1: $0.194
- TP2: $0.188
- TP3: $0.184
š Market Analysis:
The inability to regain bullish momentum suggests buyers may be struggling to take control. If price rejects the $0.197ā$0.203 zone and selling pressure increases, the first downside target is $0.194, followed by $0.188 and potentially $0.184.
However, the bearish scenario depends on continued weakness. A recovery above the entry zone could delay the expected pullback, while a move toward $0.216 would invalidate the setup.
š Key Levels:
- Entry Zone: $0.197 ā $0.203
- Downside Targets: $0.194 ā $0.188 ā $0.184
- Invalidation: $0.216
ā ļø Risk Note: Wait for a clear rejection or bearish confirmation before entering. Use disciplined position sizing and follow your stop-loss plan to manage risk.
Bearish Bias: Downside continuation remains possible if the recovery fails and sellers regain control.
Sell and Trade $FET here š
DYOR.
SHORT š“
FET is struggling to regain upward momentum, and a rejection around the current trading range could give sellers an opportunity to push the price toward lower support levels. Bearish confirmation is important before expecting further downside.
š Entry Zone: $0.197 ā $0.203
š Stop Loss (SL): $0.216
šÆ Take Profit Targets:
- TP1: $0.194
- TP2: $0.188
- TP3: $0.184
š Market Analysis:
The inability to regain bullish momentum suggests buyers may be struggling to take control. If price rejects the $0.197ā$0.203 zone and selling pressure increases, the first downside target is $0.194, followed by $0.188 and potentially $0.184.
However, the bearish scenario depends on continued weakness. A recovery above the entry zone could delay the expected pullback, while a move toward $0.216 would invalidate the setup.
š Key Levels:
- Entry Zone: $0.197 ā $0.203
- Downside Targets: $0.194 ā $0.188 ā $0.184
- Invalidation: $0.216
ā ļø Risk Note: Wait for a clear rejection or bearish confirmation before entering. Use disciplined position sizing and follow your stop-loss plan to manage risk.
Bearish Bias: Downside continuation remains possible if the recovery fails and sellers regain control.
Sell and Trade $FET here š
DYOR.