LIVE$FET - price update:
My last short setup around 2.500$ was insane! 🔥
The weekly price remain stuck into a a very neutral zone (see the chart) ⏳
The current price seems to be retesting the 50% fib (kijun) and remains really weak compared to the rise of $BTC ...
The H4 price is also stuck below the downtrend, but at the moment the 2.300$ is acting as a magnet level📈
I think we're going to see a dump again, weak price action and there are many resistances to be crossed again!
The price should easily retest the 2.10 $ support.
As long as the price remains above $1,900, it should continue to consolidate. In case of dump below 1.900$ then 1.300$ could be see!
➡️When prices move in neutral zones like this, it's really hard to have a precise short-term vision!
➡️I therefore recommend avoiding #FET trades for the time being, or taking positions on the big resistance/support levels mentioned!
🔴My precedent macro TF view remain valid at the moment.
LIVE