technical breakdown for $FET /USDT (Perpetual Contract):
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📉 FET/USDT Market Snapshot
Last Price: $0.6562
Mark Price: $0.6564
24h Change: -1.28% (slightly bearish)
24h High / Low: $0.6838 / $0.6420
24h Volume:
FET: 134.88M
USDT: 89.06M
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📊 Technical Indicators
MA(5): 24.40M
MA(10): 19.15M
Current Volume: 17.00M (slightly under MA levels → consolidation)
Trend: Neutral-bearish (mild downward pressure from $0.6838)
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🔍 Support & Resistance
Support Zones:
$0.6420 (24h low, near-term support)
$0.6140
$0.5768
Resistance Zones:
$0.6838 (24h high)
$0.6885
$0.7172
$0.7257
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💡 Trade Setup Suggestions
🟩 Long Bias (Support Bounce)
Entry Zone: $0.642–$0.650
TP1: $0.683
TP2: $0.717
SL: $0.638
🟥 Short Bias (Rejection Strategy)
Entry Zone: $0.683–$0.688
TP1: $0.650
TP2: $0.614
SL: $0.695
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⚠️ Remarks
Price is consolidating just above key short-term support.
A break below $0.642 could trigger downside toward $0.614–$0.576.
Momentum indicators suggest sideways movement with mild selling pressure.
Watch for volume confirmation before breakout entries.
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