$FET 📉 FET/USDT - Bearish Trend Confirmation or Potential Fakeout? 🔥
🔍 Market Overview (2H Chart Analysis)
💰 Current Price: $0.768 🔄
📉 Pattern Formed: Diverging Triangle
📍 Resistance Levels: $0.775 - $0.789
📍 Support Levels: $0.750 - $0.740
⏳ Expected Trade Duration: 4H - 12H
📊 Technical Indicators & Chart Pattern Analysis:
✅ RSI (46.23) - Neutral, slightly bearish momentum
✅ DMI/ADX: Bears gaining control 📉
✅ Volume Analysis: Decreasing, showing weak buying pressure
📌 View According to Chart Pattern Analysis:
The Diverging Triangle suggests an indecisive trend with higher volatility.
Breakout Direction:
If price closes below $0.750, it will confirm a bearish breakout 📉.
If price breaks above $0.780, then a bullish reversal is possible 🚀.
📌 Final Trend Signal: Bearish 📉 (Downtrend Continuation Expected)
📌 Trade Setup & Key Levels 🎯
📉 Bearish Scenario - Short Setup:
Entry Price: $0.770 - $0.780
Stop Loss: $0.790 (Above resistance)
Take Profit 1: $0.755 💰
Take Profit 2: $0.740 🔥
Take Profit 3: $0.720 🚀
✅ Risk-Reward Ratio: 1:2+ (Safe trade setup)
📈 Bullish Scenario - Long Setup (If Trend Reverses):
Entry Price: $0.750 - $0.755 (If support holds & price rebounds)
Stop Loss: $0.740
Target 1: $0.780
Target 2: $0.800
📢 Final Thoughts (Based on Pattern Analysis):
✅ Bearish bias remains strong unless $0.775 is broken 📉
✅ Break below $0.750 confirms further downside 🚀
✅ Fakeout possible if price regains $0.780 support
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🚨 Disclaimer: This is not financial advice. Trade at your own risk! 🚨
#FETUSDT 📊
