FET has just rejected the green support zone, showing that buyers are still active around this area.
However, price remains inside the falling red channel, so the bullish reversal is not confirmed yet.
For the bulls to take over, we need a clear break above the upper bound of the falling channel.
If that happens, bullish momentum could strengthen, opening the door for a move toward the red supply zone around $0.185.
📌 Support reacted. Now the channel is the confirmation.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk and wait for proper confirmation before entering a trade.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
FETUSDT
Perp
0.1737
+10.00%