$FET Market Dynamics:
To be honest, this chart looks pretty pessimistic.
Have you reviewed my last high time frame analysis? The main trend has turned to pessimism. From the 4-hour chart, I observe a rising wedge pattern, while from the daily chart, the market is retesting the downside!
👉In the short term, the price remains neutral, fluctuating within the wedge pattern. We may see another upward reaction at the $1.500 support area, but I think there will be a downward breakout in the medium term and a possible new low!
I guess, this has something to do with the new#ASItoken consolidation!#FETholders may end up suffering losses!
👉The price may fluctuate between $1.10 and $1.830. As long as the price does not break $1.850, I would not recommend long-term holding.
In this unpredictable market, we must remain vigilant and make careful decisions. Although there may be a small rebound in the short term, the overall trend is not optimistic. This is undoubtedly a difficult time for#FETholders, but the changes in the market are always full of uncertainty, and we need to deal with it calmly. Please think carefully before making any investment decision.
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