FET · 1H · DOWNTREND
The structure here is clean and brutal — FET has been in a sustained downtrend since early July, making lower highs and lower lows the entire way down from 0.1900. The most recent leg is the most aggressive: price collapsed from 0.1600 resistance around July 25–26, dropping nearly vertically to current levels near 0.1358 on elevated volume — the volume bars on the far right are the largest on the chart. That kind of volume on a breakdown isn't capitulation until I see a meaningful wick and reversal candle; right now it looks like distribution and continuation. The live news confirms FET led losses in the overnight session, shedding nearly 10% with AI tokens broadly under pressure — that fundamental alignment with the technical breakdown keeps me firmly in the bear camp. I'm not buying this knife. I'm waiting for a dead-cat bounce into the 0.1450–0.1500 zone before looking for a short entry on rejection.
SHORT SCENARIO
Confirmation
0.1450
Rejection at 0.1450–0.1500 with a close back below 0.1430 confirms bearish continuation — this is the prior breakdown zone and natural bounce target.
Invalidation
0.1550
Structure invalidated above 0.1550, which was the pre-collapse consolidation floor.
Target 1
0.1300
Psychological round number and next visible structural vacuum below current price.
Target 2
0.1200
Extended target with no visible support between 0.1300 and 0.1200 on this chart.
Risk/Reward
(0.1430 − 0.1300) / (0.1550 − 0.1430) = 0.0130 / 0.0120 ≈ 1.1:1 to T1, extends to 2.3:1 to T2
Resistance: 0.1450–0.1500 / 0.1550
Support: 0.1300 / 0.1200
This is not financial advice. Content is AI-generated.