FET is poised for a sharp decline after breaking key market structure, setting up a high-confidence short opportunity. The current price action is screaming for a correction, and the indicators are aligning in our favor.
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$FET SHORT 📉
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📍 Entry Range: $0.151149 – $0.151451
🛑 Stop Loss: $0.155839 (-3.0%)
🎯 TP1: $0.149030 (+1.5%)
🏆 TP2: $0.143735 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
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This FET short setup is compelling due to the convergence of multiple signals, including the break of market structure, volume confirming direction, and the presence of a fair value gap, all of which are clustered around a significant order block. The liquidity sweep through this zone only adds to the conviction, suggesting a strong potential for a downside move. With these signals firing in tandem, the case for a short becomes increasingly robust.
A 3.0% stop loss may feel a bit tight for some, but given the high confidence level of 91%, it's manageable with the right leverage, potentially around 2-3x to maximize returns while keeping risk in check.
Taking partial profit at the first target makes sense to bank some gains and reduce exposure, especially since the risk/reward ratio of 1:1.7 suggests there's significant potential for Follow Through beyond the initial target.
Not financial advice — always manage your own risk 🙏
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