💣 $FET /USDT.P – Breakdown in Progress! 📉🐻
$FET just broke below a key trendline and formed another lower high — signaling bearish continuation is in full effect!
📊 Trade Setup:
• Entry Zone: $0.750 – $0.7580
• Stop Loss: $0.7680
• Target 1 (TP1): $0.7372
• Target 2 (TP2): $0.7272 ✅
⚙️ Technical Outlook:
Structure remains firmly bearish on the 1H chart. Momentum is weak, with clear rejection from descending trendline resistance.
⚠️ Risk Note:
If price reclaims $0.7680 with volume, this setup is invalid. Always manage risk and adjust size accordingly.
📌 Strategy Breakdown:
We're entering on the retest of broken structure, aiming to ride the wave lower with trend confirmation. This is a classic lower high + rejection play.
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