AI Token Blood on the Charts: $FET Crashes Through $0.930 – Is This the Beginning or the Bounce?
Longs wiped out! A brutal $5.76K long liquidation just crushed leveraged bulls at $0.930 — the question now: Is $FET ready for a rebound or more pain?
Here’s the complete battlefield breakdown:
Buy Zone (Accumulation Area):
$0.865 – $0.910
This range is the golden reload zone — demand is likely to step in as price revisits this support channel. Watch for wicks and volume!
Target Levels (Profit Parade):
TP1: $0.980 — short-term resistance & EMA tap
TP2: $1.045 — psychological round number & previous support-turned-resistance
TP3: $1.12 — momentum breakout target if AI hype revives
Stop Loss (Damage Control):
Below $0.845
If FET dips below this level, bulls might lose control. Respect your capital – no ego in the game!
Key Insights:
Liquidation at $0.930 signals weak long hands were flushed.
Volume drop post-liquidation hints at potential reversal — but confirmation is key.
Watch for bullish divergence on RSI and MACD in the 4H timeframe.
Narrative Catalyst:
With AI tokens poised for narrative revival, $FET could ride the next wave — but smart entries and risk controls are crucial.
Ride the volatility. Respect the charts. Don’t chase — position like a sniper.