$FET /USDC BEARISH MOVE IN PROGRESS – SHORT SETUP ACTIVATED 🚨📉

$FET is showing clear bearish momentum as price trades around $0.674 (-1.75%), breaking down from key support zones with increased selling pressure. The recent price rejection near resistance and lower highs confirms sellers are in control. 🔻

📌 KEY LEVELS:

🔹 Current Price: $0.674

🔸 Resistance: $0.690 – $0.703 (Strong supply zone)

🔹 Support: $0.671 (Immediate) → $0.658 (Next major demand zone)

🧨 TRADE SETUP – SHORT ENTRY IDEA:

🔽 Entry Zone: $0.674 – $0.678 (on rejection candle or retest)

🎯 TP1: $0.658

🎯 TP2: $0.641

🎯 TP3: $0.620 (extended target)

🛑 SL: $0.691 (above resistance)

📉 CONFIRMATIONS:

✅ Bearish MACD crossover

✅ Price trading below EMA

✅ Declining volume on bounces

✅ Lower high structure holding

⚠️ RISK MANAGEMENT:

💼 Risk only 2-3% of your capital per trade

🔒 Stick to SL – no emotions, just strategy

📊 Adjust position size based on volatility

🔥Summary: $FET is weak below $0.690. As long as bears defend resistance, downside targets are in play. Watch for volume spikes and structure breaks for execution. 💣

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