FET Facing Rejection at Key Supply – Continuation or Breakdown?
FET broke out of the falling wedge, but the move is now facing clear rejection at a key resistance and near FVG zone.
The breakout lacked strong follow-through, and with bearish divergence on RSI, momentum is fading right at resistance. This increases the probability of a fakeout rather than a confirmed reversal.
If price continues to reject this zone, a move back inside the structure could lead to a deeper pullback toward 0.13 and potentially 0.09.
For now, this looks like a weak breakout attempt. Confirmation is still missing, and sellers are not done yet.
The breakout lacked strong follow-through, and with bearish divergence on RSI, momentum is fading right at resistance. This increases the probability of a fakeout rather than a confirmed reversal.
If price continues to reject this zone, a move back inside the structure could lead to a deeper pullback toward 0.13 and potentially 0.09.
For now, this looks like a weak breakout attempt. Confirmation is still missing, and sellers are not done yet.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.