$FET FET Might Dump Soon โš ๏ธ๐Ÿ“‰ | Bearish M Pattern Spotted & Momentum Breaking Down ๐Ÿ’€๐Ÿ”ป

๐Ÿค– FET is flashing warning signs as a bearish M pattern forms on the chart โ€” a classic double-top signal that often leads to sharp downside moves. ๐Ÿ“Š๐Ÿšซ The market structure looks heavy, and bulls are losing control fast. ๐Ÿงฏ๐Ÿ“‰

๐Ÿ“‰ RSI is flattening near mid-levels ๐ŸŽฏโž–, showing a loss of bullish momentum, while the MACD just triggered a bearish crossover ๐Ÿ’€๐Ÿ“‰. This combo points to growing downside pressure and fading strength. ๐ŸงŠ

๐Ÿ”ป Sell pressure is increasing, and buy volume is declining โ€” a nasty setup for possible breakdown. Red candles are starting to dominate the chart ๐ŸŸฅ๐Ÿ“‰, and key support at the M-pattern neckline is being tested. โš ๏ธ๐Ÿงฑ

๐Ÿ‹ On-chain data shows whale distribution rising ๐Ÿ“ฆ๐Ÿ“ค, and exchange balances are up ๐Ÿ“ˆ๐Ÿฆ โ€” suggesting major holders are sending tokens back to CEXs, likely prepping for sell-offs. Not a good look. ๐Ÿ‘€๐Ÿ“Š

๐Ÿ“ฑ Social sentiment is cooling down, and wallet growth is slowing ๐Ÿ’ค๐Ÿ“‰ โ€” both signs that retail is pulling back as confidence fades. Engagement is dropping across platforms, and the hype is drying up. ๐Ÿง ๐Ÿ”

โณ If neckline support breaks, this M pattern could trigger a larger correction โ€” possibly sending FET to lower demand zones. Nowโ€™s the time to manage risk, avoid fake bounces, and stay disciplined. ๐Ÿ“‰โš–๏ธ

This isnโ€™t the time to get caught chasing dreams โ€” the trend is bearish, and smart traders are staying alert.

โš ๏ธ Not financial advice โ€” always DYOR ๐Ÿง ๐Ÿ“š