FET Market Analysis:
Candlestick Analysis:
The current market shows a secondary pullback trend, with a key support level around 1.2. It is recommended to patiently wait for the price to stop falling and for a clear entry signal to appear.
MACD Analysis:
The MACD fast and slow lines have formed a death cross below the 0 axis. In the short term, we need to wait for the fast line to further break through the slow line and confirm that the market stabilizes before considering any action.
RSI Analysis:
The RSI fast line has currently dropped to 19. It is recommended to continue waiting for the fast line to weaken further, preferably falling below 10, before deciding whether to enter the market.