🚨$FET just lost the last Fibonacci support. Without a doubt it is the worst that could have happened.📉📉

This scenario assumes a strong correction to levels between 0.16-0.50 dollars.

A week ago I already warned all my followers and the Binance community of this bearish scenario for FET, even before the news broke that the merger would not occur.

The decline is being caused by the fact that all the people who are long positioned are closing their positions because FET will be removed from the Spot and Futures list and the positions will be liquidated whether they are in profit or loss as of July 1.

Although there is now a new date for the merger, the community has lost all interest in FET and it is expected that the currency will continue to lose value in the coming weeks, since it has suffered a very strong fall without any hint of any recovery.