💎 $FET : Is the Pressure Setting Up for a Major Bounce? 💎
$FET has dropped -9.33%, hitting the $0.585 key support on the 4H chart. Despite the steady downward pressure, there are signs that a potential reversal might be brewing:
📈 Buyers stepping in: Early bids at this level suggest interest in a bounce.
📊 Volume watch: A surge could confirm accumulation by smart money.
🔄 RSI near oversold: If RSI flips, momentum could favor bulls.
🔥 Critical Levels to Watch:
Support Zone: $0.580 – $0.585
Resistance Ahead: $0.610, $0.630
Risk Spot: A clean breakdown below $0.578 may trigger further slides.