🚨FET does not support any key support🚨
The merger is affecting Fet very negatively, it has been in free fall for 3 weeks, without holding any support zone.
I have seen people recommend buying on the dip and well, this is usually a good strategy in currencies that have performed well recently, and these purchases should always be made after the currency shows strength, that is, recovers support levels and confirm them.
Buying Fet right now is trying to catch a falling knife.
There is too much uncertainty on the part of the projects that do not clarify things well for the community, nor on the part of the exchanges.
Some exchanges have decided to close futures whether they are in profit or loss.
I was a Fet lover since since 2023 this currency has had a great performance, but it is undoubtedly having a great reversal, and the bullish scenario seems to have come to an end.
In my previous post I warned that it would continue to drop sharply and it has already lost 0.05 points just a few hours ago.
DYOR and be careful, the merger event can give an even stronger sell the news, do not try to catch a falling knife.
