📉 $FET Daily Chart Analysis 📉
$FET is flashing a classic rounding top pattern on the daily timeframe — a potential reversal structure that often signals weakening bullish momentum.
🔍 Key Observations:
Neckline Support Zone: Price is currently hovering just above this crucial level.
If this neckline breaks decisively, especially on strong volume, it would confirm the pattern and open the door to further downside.
🚫 Current Stance:
As long as #FET.👀 holds above the neckline, this remains a no-trade zone — it’s all about reaction and confirmation.
No need to rush — let the chart confirm the direction.
📉 Bearish Scenario:
Breakdown = short opportunity
Watch for volume spike and retest rejection to confirm entry.
🕵️♂️ Stay cautious — the structure is bearish-biased, but confirmation is king.
#GENIUSActPass #FET❤️ #Fetch.ai
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