BREAKING: $FET Bears Just Got Wrecked!
$1.49K Short Liquidated at $0.787!
The tables are turning and the bulls are back in charge! The $FET price explosion has vaporized weak short hands.
Now is the time to watch the next big move unfold!
Full Analysis Below - Strap in!
FET (Fetch.ai) Full Analysis:
Current Situation:
$1.4957K short positions were liquidated at $0.787, signaling strong bullish pressure. Short sellers tried to push the price down — and failed. This is a classic short squeeze setup, where momentum shifts in favor of the bulls.
Buy Zone (Re-Entry Zone):
$0.745 to $0.770 – A potential dip back to this zone would be healthy for reloading. Strong support due to previous liquidation and accumulation.
Targets:
Target 1: $0.82 – Resistance from recent rejection zone.
Target 2: $0.87 – Previous high before bearish pressure.
Target 3: $0.93 – Extension target if bullish momentum continues.
Stop Loss:
$0.729 – Below structure support and invalidation of bullish setup. If price closes below this, bullish thesis is invalidated.
Technical View Summary (Organic Insight):
RSI recovering from oversold territory.
Bullish divergence spotted on lower timeframe (1H/4H).
Volume spike on liquidation indicates whale activity.
Final Verdict:
$FET Bulls are Charging!
Break above $0.82 could be explosive. Keep eyes on dips into the buy zone for best RR setups. Don't chase – let the price come to your zone!