FET bulls are weak, bears are strongly suppressed, and the short-term market is worrying!
From the 1-hour chart, FET has been fluctuating downward since the high of 1.64. In the short term, bulls have repeatedly tried to rebound near 1.5, but have never been able to stand firm. The trend has completely shown a bearish pattern. The short-term moving average is obviously suppressed, and the price continues to be below the moving average. The signs of bullish weakness are obvious, and it is impossible to organize an effective counterattack. The continuous negative lines and obvious upper shadows further indicate that the market trading volume is sluggish and the funds are in a wait-and-see mood.
Under such circumstances, FET is unlikely to improve in the short term, and the overall trend tends to further pullback. The formation of this bearish pattern shows that the market mentality is still conservative, and it may be a wise choice to continue to pay attention to the pullback of FET.
Steady grasp the pulse of the market, pay attention to Uncle Qian, and discover more market opportunities!
