$FET /USDT BEARISH REVERSAL — DOUBLE REJECTION NEAR $1 SIGNALS DOWNSIDE PRESSURE!
$FET /USDT surged to test the $0.99–$1.00 resistance zone but faced strong rejection twice, forming a sharp bearish engulfing on the 1H timeframe. Current price action at $0.891 shows a breakdown from bullish momentum with wicks indicating trapped late buyers. Momentum now favors short-term sellers.
Trade Setup (SHORT):
Entry: $0.900
Targets (TP): $0.860 / $0.830
Stop Loss (SL): $0.935
Market Outlook:
Price has lost the intraday trendline support and volume is increasing on the red candles — early signals of a momentum shift. Unless bulls reclaim $0.935 fast, further downside looks likely.
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