๐ $FET : A base first. A trend reversal after confirmation.
The recovery is still beneath the descending trendline that has capped rallies since January. Until that breaks, further swings inside the range remain possible.
Repeated holds around $0.210โ0.222 could build a stronger base near the 0.618 Fibonacci level at $0.2096. Sideways consolidation there would matter more than a single bounce.
The projected path includes another rejection near $0.25 before a return toward $0.215. If that area holds, a later trendline breakout could open $0.275, followed by $0.30โ0.32.
Around 48.8% above $0.215. Below $0.20, this setup is invalidated.
The recovery is still beneath the descending trendline that has capped rallies since January. Until that breaks, further swings inside the range remain possible.
Repeated holds around $0.210โ0.222 could build a stronger base near the 0.618 Fibonacci level at $0.2096. Sideways consolidation there would matter more than a single bounce.
The projected path includes another rejection near $0.25 before a return toward $0.215. If that area holds, a later trendline breakout could open $0.275, followed by $0.30โ0.32.
Around 48.8% above $0.215. Below $0.20, this setup is invalidated.