$FET 📌 FET/USDT Trade Setup – Bearish Short-Term Pullback 🚨
📊 Current Market Overview (15M Chart - Binance)
🔹 Current Price: $0.788
🔹 Key Resistance Levels: $0.791 – $0.800 (Selling Pressure Zone)
🔹 Key Support Levels: $0.784 – $0.780 (Immediate Demand Zone)
📉 Chart & Pattern Analysis
🔸 Current Pattern: Lower Highs Formation (Bearish Structure)
🔸 Candle Formation:
Recent candles rejecting upward moves, showing weak momentum.
Price is testing support at $0.784, with risk of breakdown.
🔸 Trend Signal:
Short-term: Bearish bias unless support at $0.784 holds.
Mid-term: Price is forming a descending trend, indicating potential further pullback.
📉 Indicator Analysis & Trend Confirmation
✅ RSI (Relative Strength Index):
Current RSI: 45.96 (Neutral, slightly bearish).
RSI below 50, indicating weakening momentum.
✅ ADX & DI (Trend Strength Analysis):
ADX: 23.73 (Moderate trend strength).
DI+ (Green): 18.91 vs DI- (Red): 12.45 → Bearish momentum increasing.
✅ Volume Analysis:
Volume declining, indicating weak buy pressure.
If volume spikes downward, price could fall to $0.780 – $0.775.
💰 Trade Plan & Strategy (Short Position)
📌 Trade Type: Short (Sell Position)
📌 Entry Zone: $0.788 – $0.790 (Near Resistance)
📌 Take Profit (TP): $0.780 – $0.775 (Next Support Levels)
📌 Stop-Loss (SL): $0.795 (Above Resistance)
📌 Risk-Reward Ratio: 1:2+
⏳ Trade Duration: Scalp Trade (15-60 Minutes)
📢 Final Market Outlook & Trade Confirmation
🚨 Bearish Signal Strength: Medium (Needs Breakdown Confirmation)
🔍 Key Confirmation Required:
Break of $0.784 with volume increase → Validates the short trade.
If price reclaims $0.791, trend shifts bullish.
⚠️ Invalidation Level: If price breaks above $0.795, the trade is invalid, and a move toward $0.800+ could happen.
📌 Disclaimer: Not financial advice. Do your own research (DYOR). Crypto trading involves high risk. 🚀
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