$FET Long Liquidation Alert
A $59.6K long position has been liquidated at $1.904, signaling a shift in market sentiment as long positions get wiped out.
This suggests selling pressure is increasing, and a potential downside move could be in the works.
Market Analysis:
The liquidation at $1.904 points to weakened bullish momentum. The failure to hold this level could lead to further declines.
Bearish sentiment is taking over as long positions are forced out.
Next Move:
• Bearish outlook: If $FET drops below $1.85, it could test $1.80 as the next key support. Watch for more selling volume.
• Potential bounce: A recovery above $1.90 could signal a re-entry point for bulls, with targets around $1.95-$2.00.
Stay cautious—FET’s next move could be critical.
Keep a close watch on support levels!
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