🚨 Fear Trap or Greed Opportunity on FET? 🐍💰
On the 4-hour chart, an inverted head and shoulders pattern appeared at the bottom of 0.602 ✅ and the price broke the neckline of 0.705–0.710 and is currently trading at 0.712… a signal that could change the game!
📊 Indicators:
⚡️ Price above EMA99 → Bullish trend.
⚡️ RSI ~61 → Positive momentum without overbought conditions.
⚡️ Potential targets: 0.759 → 0.827 → 0.886.
⚡️ Breaking 0.690 = Cancellation of the bullish scenario and a drop towards 0.665–0.640.
🔥 The nearest scenario: Continued upward creep if support at 0.705 holds… but caution is required, as a false breakout is very likely!
❓ Is this the beginning of a rally towards 0.82+ or just another bull trap?
Share your opinion 👇
