FET is currently stuck at 0.2773, just looking at the technicals you need to think it over. The MA20 moving average is tightly pressing down, and there’s hardly any volume to support a rebound, it's completely a fake-out move. RSI just crossed above 50 and then turned downward, this signal doesn't lie.
Look at the volume during the rebound, sparse and weak, unable to stand firm. What does this mean? Retail investors can't hold, and the main players haven't really exerted effort. With this momentum, it will eventually drop again. Many people are waiting for a rebound opportunity, but that opportunity might just be a trap—the trap of catching the falling knife.
At the 0.2773 level, I think there's no need to overthink, just go with a market sell order. The bottom signal hasn't appeared yet, so let's wait and see if the technicals can give a new direction.
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SerLiquidated
· 8h ago
Retail investors really need to wake up; this rebound is just a paper tiger
The volume pattern of FET has been obvious for a long time, with MA20 pressing down and RSI turning around; those who buy in will get hammered
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MEVHunter
· 13h ago
nah this volume trap screams liquidity grab... they're literally just shaking out weak hands before the real move. mempool's been dead too, typical pre-dump setup fr
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ChainWanderingPoet
· 01-08 06:54
It's the same old trick again, a rebound with no volume means it's dead... Forget it, let's wait until it breaks below before talking.
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PerpetualLonger
· 01-08 06:49
Wait a minute, why does this analysis sound so heartbreaking to me... MA20 pressing down, declining volume, RSI turning around, isn't this just a bearish signal? But I just want to ask, before the bottom signal appears, can we really wait it out? I'm still pondering whether to catch the bottom, brother. Isn't the 0.27 level the last chance...
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Deconstructionist
· 01-08 06:33
Fake-out again, I'm really tired of the rebound when the volume doesn't cooperate.
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MerkleDreamer
· 01-08 06:27
A fake move, the volume is too thin, this rebound can't hold up at all, I am actually bearish.
FET is currently stuck at 0.2773, just looking at the technicals you need to think it over. The MA20 moving average is tightly pressing down, and there’s hardly any volume to support a rebound, it's completely a fake-out move. RSI just crossed above 50 and then turned downward, this signal doesn't lie.
Look at the volume during the rebound, sparse and weak, unable to stand firm. What does this mean? Retail investors can't hold, and the main players haven't really exerted effort. With this momentum, it will eventually drop again. Many people are waiting for a rebound opportunity, but that opportunity might just be a trap—the trap of catching the falling knife.
At the 0.2773 level, I think there's no need to overthink, just go with a market sell order. The bottom signal hasn't appeared yet, so let's wait and see if the technicals can give a new direction.