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Here, price activity appears to be hefty and is having difficulty moving higher inside the current range. A rejection from the top boundaries is likely, according to the structure.
I'm hoping for an initial take-profit close to 0.7031 if we hold a short entry in the 0.7101–0.7129 range. The path toward 0.7002 and possibly 0.6946 is made possible by a break there. A stop-loss is positioned above recent swings at 0.71995 in order to control risk.
The daily trend for FET/USDT is negative. The 1-hour chart, however, is overbought. Right now, it's reaching a crucial resistance level. Our trigger is a decline below the 15-minute RSI 50 line. Going short is indicated by that. The momentum is waning. We've been waiting for this pullback. Prepare.
/USDT: There is a significant daily decline. The 4-hour chart is in excellent alignment. The 1-hour price is currently testing a significant level of resistance. The ideal time to go short is when the 15-minute RSI is about to fall below 50. We've been waiting for this pullback. Prepare.
/USDT: The 4-hour trend is gaining momentum and is above its critical average. The 1-hour chart is currently trading above its own rising averages and is coiled for a breakout. The hourly RSI is high but not overbought, indicating potential for growth. The push is confirmed by a move over the present level. Prepare.
/USDT are quite negative. The 1-hour chart is currently displaying a bounce into resistance. Momentum is shifting as the 15m RSI falls below 50. This is the exact cue to take advantage of the broader decline. Prepare.
/USDT: The daily trend is negative. However, there is a short-term pop against it on the 1-hour chart. Our signal is that. Right now, RSI is cooling off. As the impetus wanes, we want to short this bounce. It's difficult to enter. Prepare.
/USDT are negative. However, there is a little pop on the 1-hour chart. Our short entry signal is this. The 15m RSI is currently cooling off, indicating that the bounce is diminishing. As momentum changes, be prepared to sell into this weakness.
Implementable Setup Right Now (SHORT)
Market entry: 0.463333–0.465667
TP1: 0.4575
TP2: 0.455166
TP3: 0.450499
SL: 0.471501
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