🚨 *#FET FET SHORT TRADE SETUP* 💥
This is a short-term tactical trade based on current price action and resistance levels.
📉 *ENTRY:*0.676
🎯 *TARGET 1:* 0.636
🎯 *TARGET 2:*0.562
🛑 *STOPLOSS:* 0.6995
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🔍 *Why short here?*
-FET is showing *clear rejection* from the 0.68–0.70 resistance zone.
- Volume is fading and RSI is *cooling off*, suggesting weakening bullish momentum.
- If price loses 0.66 support, a *flush to lower levels* is very possible.
- This is a classic *lower high setup*, common before further downside.
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📊 *Trade Outlook:*
- Target 1 (0.636) is a *previous support zone* — expect first bounce/reaction there.
- Target 2 (0.562) aligns with stronger structural support — potential for profit-taking.
- Stop above0.6995 protects you from invalidation if bulls reclaim the trend.
⚠️ *Risk-Reward:* High RR trade setup, but *shorting in bull markets* can be tricky — always size wisely.
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🧠 *Final thoughts:*
This is a scalp/swing setup, not long-term bias. If broader market strength picks up or AI narrative heats up again, $FET could reverse fast. But for now, bears have a window to play.