$FET /USDT – Bulls Just Took a Hit!
Long Liquidation: $1,506 at $0.76646
FET just saw over $1.5K in long positions wiped out at $0.76646. This suggests overleveraged buyers were caught in a pullback—a potential warning sign of weakening momentum or a shakeout before a reversal.
📊 Trade Setup (Reversal or Retest Play):
Entry Zone (Speculative Reversal): $0.7550 – $0.7650
TP1: $0.7850
TP2: $0.8000
TP3: $0.8200
Stop Loss: $0.7450
📍 Key Levels:
Resistance: $0.7850
Support: $0.7450
24H Range: $0.7430 – $0.7900
📈 Market Insight:
This long liquidation could be the result of a sharp dip or stop hunt.
If buyers reclaim the $0.765 level quickly, it could act as a springboard for a bounce. However, failure to reclaim may signal further downside.
Volume and reaction around this zone will tell the story. If bulls step back in fast, we may see a V-shape recovery.
💡 Pro Tip:
Be cautious trading right after a long liquidation—wait for stabilization or signs of reversal (like bullish engulfing candles or strong volume reclaiming the level).
If entering early, manage risk tightly.
$FET just flushed out some over-eager bulls.
The next move depends on how price reacts around that $0.765 zone—watch closely, the bounce or breakdown could be quick.
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