$FET: High Volume Selling Sweep Breaks $FET Market Structure
SHORT SETUP FET
Entry: $0.22400 - $0.22470
Stop Loss: $0.23250
Take Profit: $0.20805 (2R)
Key Levels: Support $0.21570 | Resistance $0.22470
Technical Analysis for $FET: Price sits below EMA9 (0.2209) and EMA21 (0.2213), indicating bearish pressure. Stochastic K (47.8) under D (76.6) and a negative RSI (46.3) add downside bias. Orderbook shows an 8% ask imbalance and volume dropped 63%, supporting a short. Watch 0.2157 as invalidation; target 0.2089. SHORT bias targets continuation toward support, with resistance as the invalidation level.
Market Context: BTC is in a bearish 4hour trend and the broader market is broadly negative, reinforcing the short bias for FET.
SHORT $FET
SHORT SETUP FET
Entry: $0.22400 - $0.22470
Stop Loss: $0.23250
Take Profit: $0.20805 (2R)
Key Levels: Support $0.21570 | Resistance $0.22470
Technical Analysis for $FET: Price sits below EMA9 (0.2209) and EMA21 (0.2213), indicating bearish pressure. Stochastic K (47.8) under D (76.6) and a negative RSI (46.3) add downside bias. Orderbook shows an 8% ask imbalance and volume dropped 63%, supporting a short. Watch 0.2157 as invalidation; target 0.2089. SHORT bias targets continuation toward support, with resistance as the invalidation level.
Market Context: BTC is in a bearish 4hour trend and the broader market is broadly negative, reinforcing the short bias for FET.
SHORT $FET