$FET Long Liquidation Alert: $6.5991K at $0.84065
A major long liquidation at $0.84065 signals a liquidity event, shaking out weak hands before a potential rebound.
Trade Setup:
Entry: $0.835 – $0.842 (retest of liquidation zone)
Target 1: $0.865 (short-term resistance)
Target 2: $0.880+ (liquidity recovery)
Stop Loss: $0.825 (below key support)
Market Analysis:
Liquidation Events = Potential Reversals: Market makers often exploit high liquidation zones before a price bounce.
$0.84065 is a Key Battleground: If bulls reclaim this zone, $FET could push toward $0.865+.
Failure to Hold Could Drop $FET to $0.820: If sellers dominate, expect a deeper correction.
Monitor price action closely. Liquidity sweeps often lead to sharp reversals!