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
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🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。