$FET Selling opportunity after the parabolic rise! 🚨
Current price: $1.0874
24-hour High/Low: $1.2500 / $0.9461
Status: Breakdown below local support — momentum fading quickly
Short setup:
Entry area: $1.09 – $1.11 (ideal retest level)
🎯 TP1: $1.03
🎯 TP2: $0.98
🎯 TP3: $0.94
🛑 Stop loss: $1.16
Key insights:
Heavy selling after the vertical move to $1.25
Bearish structure forming lower highs
Volume decreasing — strong signal of exhaustion
Pro tip:
If the price retests the $1.10 area without reclaiming $1.12, it’s a great confirmation for quick sell trades. Watch for wick rejections!
Stay disciplined. Momentum is changing quickly — manage risk carefully!
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