💎 FET has certainly captured the market's attention with its notable performance. At present, FET is experiencing consolidation within the supply zone. Typically, consolidation at higher levels can indicate a distribution phase, suggesting a potential downturn for a corrective test at the demand levels between $0.308 and $0.277.
💎 This observation comes from the fact that FET has not yet undergone a retesting phase following its breakout above the supply area. Should the asset retrace to these demand levels, a significant bounce could be anticipated, probability of FET toward the target supply zones and beyond.
💎 However, should FET revisit the demand zone without showing signs of a strong rebound—failing to reject lower prices—it could signal a loss of the demand area. Such a development would indicate bearish momentum for FET, opening the door for a possible descent to lower demand levels and potentially revisiting the key support area.
💎 This observation comes from the fact that FET has not yet undergone a retesting phase following its breakout above the supply area. Should the asset retrace to these demand levels, a significant bounce could be anticipated, probability of FET toward the target supply zones and beyond.
💎 However, should FET revisit the demand zone without showing signs of a strong rebound—failing to reject lower prices—it could signal a loss of the demand area. Such a development would indicate bearish momentum for FET, opening the door for a possible descent to lower demand levels and potentially revisiting the key support area.
Trade fechado: objetivo atingido
Bingo! #FET is dancing to our tune, up 66.50% just like we predicted.
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.