$FET rejection at resistance is turning into a 1H setup
$FET · SHORT · Conf 65%
Trade Plan:
Entry: 0.15480 - 0.15571
SL: 0.16389
TP1: 0.15220
TP2: 0.14750
TP3: 0.14530
TP4: 0.14276
R:R about 0.9 to TP2 on the 1H
Conf is how many of our checks agree, not a win rate.
FET/USDT 0.15480, +6.46% over 24h.
Why this setup?
- Price below the 200 EMA, long-term structure bearish
- EMA20 below EMA50, short-term momentum down
- 4H trend leaning down
- RSI(14) at 63.6 with volume x1.06 against the 20-bar average.
- Invalidation is unambiguous: through 0.16389 the idea is simply wrong, so size it so that being wrong is survivable.
Key levels: S 0.15220 · 0.14750 · 0.14530 | R 0.16280 · 0.16350 · 0.16420
Debate:
Does FET lose 0.14750, or do the bids at 0.16389 hold and squeeze the shorts?
Trade FET: spot https://www.binance.com/en/trade/FET_USDT | futures https://www.binance.com/en/futures/FETUSDT
$FET #FET #Write2Earn #TrendTrading #CryptoAnalysis
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.