Yello Paradisers — is FETUSDT setting up the perfect bull trap before a sharp sell-off? The current market structure suggests danger ahead, and ignoring it could be costly.
💎FETUSDT remains in a clear bearish market structure. After taking inducement, price is now moving toward a key resistance zone while following an ascending channel — a combination that typically increases the probability of a downside reversal.
💎If price reaches this resistance zone and begins showing bearish reversal patterns — such as a double top or head-and-shoulders — the odds of a strong move down will rise significantly. For aggressive traders, an early entry could be taken on a confirmed breakdown of the ascending channel, but this is not the safest play, as the risk-to-reward would be poor.
💎However, if FETUSDT breaks and closes above the invalidation level, our bearish idea will be completely off the table. In that scenario, the smarter move is to wait patiently for a fresh setup with cleaner price action before committing capital.
🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
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