$FET
The 4-hour chart screams to sell FET, but 60% confidence means a trap?
$FET /USDT : ๐ก Risk 6/10 (Sell)
๐ฅ Why these settings?
- The daily trend is bearish, giving significant negative weight.
- The price is at a key reference level for 4 hours (~0.2376), rejection here confirms the bearish trend.
- The Relative Strength Index (15 minutes) at 58.7 shows slight fatigue in the upward trend on lower time frames, aligning with the potential for a downward reversal within the 4-hour structure.
๐ Trading plan:
โข Entry: 0.236783 โ 0.238509
โข TP1: 0.232468 | TP2: 0.230742 | TP3: 0.22729
โข SL: 0.242824
FET
0.1679
+21.22%