FET · 1H · DOWNTREND
Both prior short setups ran exactly as mapped — confirmation triggered, both targets hit. Those reads are done. Price flushed from 0.19 to the 0.1523 low, bounced hard, and is now sitting at 0.1657 — exactly where Target 2 on both prior reads landed. That spent-move location combined with the daily downtrend tells me to treat any long as counter-trend. The bounce off 0.1523 has been sharp, the short MAs are rising into price from below, and above me the EMA 50 at 0.1704 and EMA 200 at 0.1749 are both falling. The dense liquidation cluster at 0.1708 is the obvious stop-hunt target above — I'm expecting price to grind into that zone and get capped. I'm not chasing a long into a daily downtrend with the MA stack bearishly above. I want the rally and the rejection first.
SHORT SCENARIO
Confirmation
0.1700
On a rally to the 0.1700–0.1710 zone (dense liquidation cluster, falling EMA 50 — 0.1608 is a waypoint inside this move, not the objective), a 1H close back below 0.1680 confirms the rejection and bearish continuation.
Invalidation
0.1750
1H close above 0.1750 — clears the falling EMA 200, structure no longer bearish on this timeframe; stop distance = 0.1750 − 0.1680 = 0.0070.
Target 1
0.1551
Dense liquidation cluster below, next structural objective beyond the 0.1608 waypoint; reward distance = 0.1680 − 0.1551 = 0.0129.
Target 2
0.1523
The swing low visible on this chart, full flush target.
Risk/Reward
0.0129 / 0.0070 = 1.8:1
Resistance: 0.1700–0.1710 (dense liquidation cluster, falling EMA 50) / 0.1749–0.1750 (EMA 200, falling)
Support: 0.1608 (dense liquidation cluster, waypoint) / 0.1551 (dense cluster, structural target)
This is not financial advice. Content is AI-generated.