#FET LTF Analysis 🧠📉
$FET has broken down from the horizontal channel it had been ranging in for days — no surprise there.
📉 After failing to reclaim the mid-level, $FET lost momentum and slipped below the bottom support of the range.
🔄 Now, FET is consolidating just below that former support — which has now flipped into resistance.
🚨 This zone is critical:
➡️ If FET reclaims the channel bottom and flips it back into support, we can start planning fresh long entries.
❌ Until then, the bias remains bearish and short setups on bounces remain valid.
👀 Watch this area closely — the next move will be key.
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