$FET /USDT BEARISH BREAKDOWN AHEAD

FET/USDT is currently trading at $0.703, showing a strong rejection from resistance, and indicating further downside pressure in the short term. Let’s break it down technically

KEY LEVELS:

Resistance Levels:

$0.743 – Recent 24h High, key supply zone

$0.715 – Minor resistance from previous candle bodies

Support Levels:

$0.678 – 24h Low, immediate support

$0.650 – Major horizontal support zone from previous structure

Current Price: $0.703

Price is below key resistance and trending lower, suggesting a potential short setup is in play. TRADE SETUP – SHORT POSITION:

Entry: $0.705 - $0.700 (confirmation under $0.703)

Stop Loss (SL): $0.715 (above recent rejection wick)

Take Profit (TP):

TP1: $0.678

TP2: $0.650

TP3: $0.620 (if momentum builds)

Bearish momentum is gaining traction with lower highs forming and support levels being tested repeatedly.

RISK MANAGEMENT:

Never risk more than 1-2% of your trading capital per trade. Adjust position size accordingly. Patience and discipline are key!

Stay sharp & watch price action closely for confirmation before entering!

#Crypto #TradingSetup #TechnicalAnalysis #MemecoinSentiment #Write2Earn $FET